0:00 South Korea wants over 1,000 skilled professionals to battle its low fertility rate and aging population. So, they're launching a new visa offering flexible work and permanent residency in one year. >> Wait, so if we go to South Korea and have babies, they make that easier. >> They're incentivizing professionals to head over there and ████ >> specifically professionals though, like a particular category. >> They want people who have skills. Yeah. >> Yeah. Cuz like Japan was doing this like 2 years ago, remember? Oh, really? >> Weren't they like Yeah. giving some version of financial incentive for people to actually go over. >> It wasn't this professional. >> It wasn't like a specific type of person that they were trying to bring over. >> There's hella benefits. >> Apparently, you get permanent residency if you've been there for 3 years, not one year. >> And you don't, if you're a male, you don't have to go to the military though
0:50 with permanent residency. >> Uh, I don't >> cuz like there's got to be some sort of scapegoat version where it's like all the guys that fled Korea. >> Oh, >> you know what I mean? that like didn't want to do the military. It's like, okay, so can I come back, put some sperm in somebody, and get benefits and not have to do military time, >> but then isn't there like a specific amount of time you had to be away or else you come back and you get locked up immediately? >> I don't even think you're allowed to come back. >> Yeah, there it's He's saying it's like a forgiveness thing. Yeah, cuz like now they need it and they're incentive. So they're draft dodgers basically. >> If after they ran away, they developed some kind of skill and career. It's like come back with that and you'll >> they're not requiring you to do military service but you basically have to have a doctorate >> to come in. So are they only looking for Korean like ethnic Koreans? >> They say foreign talent top tier. >> That's a really smart way to make sure
1:40 they don't just get a bunch of like low IQ wrong races. >> Yeah. >> You know what I mean? The ones that they don't like. They don't even have to say that. Which is the world problem right now. >> Exactly. They're just like, "Oh, we're just going to get people with doctorates." Like, yeah, no ████ Where, what country? Every country could give doctorates. >> Imagine I'm like, "Hey, I'm trying to seek asylum somewhere." And then suddenly this country is given incentives. >> Exactly. >> It's like it's it's an interesting thing to watch uh some Asian countries navigate the fine line between, hey, we need more people. I don't want those ones, though. [laughter] >> You know what I mean? >> Are you running for governor or do you want to name who who they are? >> Uh Japan. You know what they are? Japan. >> No, no. I'm talking about the people they don't want. >> Muslims. >> Oh ████ dude. >> I'm not Japan. That's what they don't want. [laughter] >> All right. >> They're verbal about that.
2:30 >> Yeah. Who do you think? >> But Japan's big. >> Wait, no. Let him go. Let him let him go. Who do you think they are? [clears throat] >> I can't say. [laughter] >> Just say what they sound like. >> Sound like Haitian people. How about that? >> Not in there, boy. >> That's the That's the big That's the big head bumping, right? It's like the Asian countries that because the religious uh discord is too great between like >> Japan doesn't have the same like history of like what do you call it like >> they they won't even let them bury their dead >> I think cuz America's like Christian and it's like welcome statue of liberty. This is the nation of immigrants. Japan's never been like that. >> It's been like no ████ you. We're Japanese. >> Cuz didn't didn't Japan say like you can't if you're Muslim and you want to bury your dead. They're like no you got to ship them to whatever country. >> I've seen that meme. Yeah. I don't know if it's official, but they do think like that. It's like this is stupid. Like your culture is your culture, my culture
3:21 is my culture. Like why the ████ do we have to blend? Like it's it doesn't make any sense cuz it's not the same philosophy of America where it's like everyone come together under God. It's like cuz technically the emperor is God >> until recently when they realized he he wasn't a god. So everyone was like my god's right here. Like I don't give a ████ you know, like like there. But the UK used to believe this too. All of Europe used to believe this. Like royals had divine kind of right to rule and they were all tied to deity. So then there's this whole mentality is completely different. But like yeah, I think Japan's just like [snorts] we don't ████ need your ass. But then now they do. They're like Indians please come to work 7-Eleven. Like they're doing that ████ now. education or work experience require requirements are exempted for those whose annual earned
4:11 income is four times the >> GNI per capita. >> It's the it's the PewDiePie by visa. They have a um they have a digital like uh like a visa entrepreneur visa. >> Yeah, that's what this sounds like. >> What other benefits they do you get money too? >> Um I think it's just about getting residence. It's like it's like if you come here, we got a lot of ass who's looking for, you know, dicks basically and we're going to give you permanent residence if you if you use this program and stay for 3 years. >> I think Italy or Ireland too, they're going through some issues. If if Europe didn't have immigration, they would have been facing the same type of not at the rate of Korea, but they would have been seeing the same birth rate issues. >> It seems worldwide. >> What do you What do you think it is? Um, I don't know. It's like this whole like ████ cell phone generation.
5:02 Everyone's being like lonely and like um >> You think it's this it's like I don't want to make a decision. I want to scroll left or I want to scroll right. >> You're asking why the birth rate's low. >> There's no incentive to have kids. >> I think you're right. >> That's just the main thing they they found that like the way that they've structured life. >> Yeah. >> It's it's so much easier to just not do that. Like they >> unless expensive everything. >> Yeah. Like the cost is too high, the sacrifice is too high. the the thing of like, oh, um, >> but hasn't it always been like that? >> No, it's worse now. It's worse now because >> it used to benefit >> because the work the workplace is so competitive corporate wise in those Asian countries that if you decide to have a kid and balance work, you are now an underperformer at work. >> Cuz you know how Asian you're not down like the guy with no kids. >> The work happens till 2 in the morning cuz they go drinking every ████ night. >> And then and then I think the kids
5:53 growing up in that situation, they're like, I don't want a family. Like it. This is what I always say. If you never had like a good family environment, why would you dream of that? Like why would you want that? >> Yeah. Why would you aspire to have to replicate the thing that hurt you the most? >> Well, that was me. I had a s█████ family environment. But I want to have a good family because I had a s█████ family. >> You're also not average. Like you're if we look at a bell curve of like what you've accomplished with your history, everything like it's like you're talking from the top down. You're not talking from an average guy, average work. he can get average women, but even though it's like it's kind of red pill, but it is grim, dude. It's kind of it's it feels like there's no way out. So, the consensus that I hear in Japan from men and women is like women are like, I have to ████ work now, but then now I have to do all the ████ home ████ cuz it's
6:44 the gender roles, right? And then guys are like, >> I could earn half as much, >> but then I can still ████ girls and I can still travel the world and I don't have to like burden myself in this place where like, oh ████ now I have to ████ make extra money for my family. >> Yeah. >> I think if they were in America, it's different cuz in Asia, if you don't go to a top university, you're out. Like, it's way more cutthroat. >> Well, I mean, it's similar in America, just at a different scale, right? It's all just comes down to money. So like if now today uh you need two people in order to have your household income >> in order to survive and take care of a kid, it's like dude that's just so much harder. >> We're just doing double the work now. >> In America, I think we're luckier cuz we have more of a chance with income versus
7:34 like Asia. It's very unforgiving. But just for what we know, I'm just saying it's like even even us like we know that the boomer generation could have one ████ Sears employee take care of their whole family and buy a house. >> Yeah. >> And that was just a generation ago >> and like we can't now. So it's like Yeah. I understand why people today are like, "Nah, ████ kids, dude." >> By the way, if you were a store manager even years [clears throat] ago, people are like, "Wow." >> Yeah. >> Yeah. If you got a manager position. >> Yeah. And now everyone's like, "That's ████ whack." >> Yeah. Loser. >> Yeah. Right. It's good. >> And everyone just wants to be like digital entrepreneur, crypto millionaire, whatever. >> The thing that's funny is is that America and Japan are so similar and probably Korea too in the way that they know the problem's getting worse, but they like to blame the people for like No, it's you guys. >> It's not the infrastructure they created. It's not the lack of like resources and that they now have no
8:25 access to. It's just uh you guys are just ████ you don't want to ████ >> Boomers, by the way, boomers won't stop doing that. >> Yeah. No. Yeah. Exactly. They got to buy a house for 30k and now it's worth ████ $3 million. >> That they did that thing recently. I think you can see it where it's like the the I guess the minimum wage for like this 1979 or some ████ like that. >> Uh if you were to proportionately look at it would be like making $66 an hour for the value of your dollar back then. The value of your dollar back then because of where because healthc care by itself has shot up to such a ████ insane level. Like just just that by itself, just healthcare >> cuz yeah, if you think about it, like you have to be up it almost feels like you have to be upper middle class to have a fighting chance and that it shouldn't be like >> Well, you know, you just don't get more for what they charge you. Like my health insurance is now double what it was a
9:16 couple years ago. I'm not getting anything more. So s███'s just getting more expensive, but it's the same ████ product and they're just getting you every turn. And I don't get this whole like I do believe in like having a good perspective and working hard and whatever, right? But I also don't ████ believe in this whole like well just spendless, don't buy coffee out and >> don't buy $15 of coffee. >> Well, but our parents didn't have to ████ put down half a million dollars for a down payment for a house. >> Dude, you could have your mom could have stayed home because your the dad's income was actually covering ████ because the dollar's power was way better than it is now. So a down payment in our parents generation used to be like two or three years of like annual or no no actually a whole home. >> This is the purchasing purchasing power of the US dollar since the 1920s. >> Holy ████ 20s. >> Yeah. It's just because they're printing
10:07 so much money the inflation is just destroying everybody. >> When there is a boom like a a child boom or whatever, right? It's usually dur during a boom economy because there's abundance, right? And where they are seeing that is Southeast Asia. So technically Vietnam is poorer than America, right? But because there's a boom going on, their ability to earn and like spend that and like take care of their kids and everything, it's way more accessible. So they came from the jungle and now all of a sudden you can afford a home and you can have a couple kids, but they're still making less than Americans. But it's what our dollar can afford in America. 1913 20 uh a dollar buys 30 Hershey's chocolate bars. And then if you go here, 10 rolls of toilet paper, 10 bottles of beer by 1933,
10:57 20 bottles of Coca-Cola by 1944, 10 bags of pretzels by 1953, 17 oranges by 1971, two boxes of crayons by 1987. You can just see inflation just taking its it's ████ taking the dollar of the woodshed. And then you got four grapefruits by 1997. Uh, two lemons 2008, one McDonald's coffee by 2020. >> But even before the industrial boom, >> McDonald's coffee, >> it it in most of human history, it was a net positive to have children because you have labor. >> Mhm. >> Cuz everyone pitched in for the family business or the farm. So you have hella ████ kids. Some of them are gonna die, whatever. But then they build to your like now you have ████ a 5-year-old picking beats. Now you have, you know, like you have all this ████ >> But also the boomer generation doesn't
11:48 seem down generally. I know there's exceptions, but just generally doesn't seem down to help as much. Like if you >> they're the ████ worst generation, dude. >> Like in terms of the grandparents helping out with >> Yeah. Yeah. >> Well, cuz they didn't parent. >> The bootstrap generation. >> Their parents actually raised us as latch key kids, right? So then millennials are saying and Gen Z2, they're like, "Why the ████ aren't my parents being the grandparents that my grandparents were?" >> And the Fox News generation of boomers who are basically like going, "Pull yourself up by the bootstraps and just work harder and stop spending so much ████ money, they had it way easier because the the dollar bought them way more stuff." And their parents took care of their kids. >> Yep. And the wage scale was actually in compliance with inflation. Have you seen the chart that shows? So, there's a chart that that indicates which things have gone into like insane prices and which things have actually gotten cheaper. Everything that's gotten
12:39 cheaper is privatelyowned stuff. So, it's not government controlled pricing. Anything that's government controlled is ████ to the moon. >> Amen. [snorts] >> And that's the big difference is that like anytime the consumer thing is like, "Oh, we found a way to make this cheaper." Well, guess what? Oh, hey, private equity comes right in. ruins the whole ████ >> That's why I laugh so hard when all the Ben Shapiro types talk about capitalism out there. They always talk about this like great economic opportunity that we all have of capitalism, but we have crony capitalism, brother. The only thing in my life that I've seen I'm 40 years old. The only thing in my life that I've seen that's actually gone down is ████ TVs. >> Yeah. No. Yeah, that is that is one of them. >> You can buy a ████ 79 in TV now for like 100 bucks. >> Yeah. It's crazy. >> And it's like TCL or some ████ but like holy ████ It works ████ good. >> It works great. >> It's a TV. >> Yeah, it's t like when I was a kid,
13:29 getting a TV was like 5Gs and like it weighs more than like all everything in this room. >> Yeah, it was an investment. >> I also think too we're too smart. >> How so? >> Like we know ████ too much, right? So like >> there's this whole like it's common speak to talk about trauma like psychology terms, right? And then a lot of millennials do not want to have kids and repeat the same ████ that they went through, right? Whereas like every generation before us, they were so impulsive. They're not thinking about that. They're like ████ having kids. >> We plan too much is what you're saying. >> Way too. We just know too much. >> Over analyzing. >> And I think it's even worse with Gen Z. Like they they don't even get into relationships cuz they overthink it. Sure. So, I'm like, I don't know,
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