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tv   Stossel  FOX Business  September 5, 2015 11:00pm-12:01am EDT

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forward to more of your letters next week. neil: thank you very much we will see what they do after this. >> ♪ working is important but to date do they have to work nine to five? >> no. i don't think so. >> do they want to work at all? >> yes. i love all love my job is tax free every single one of them. >> politicians say we create those. >> 1.israel million jobs but is that true? >> we look at the number of full-time jobs by 2.3 million dollars. >> they force employers to pay at least $50 an hour.
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>> what should the minimum wage paid a? >> $20. >> but who pays that? period there is nothing out there is that true? >> we have a lot to cover. let's get to work. that is our show. john: have you got a job? you created it? watching politics you would think it is politicians. >> we have created more new jobs than any other state in the country. >> 1.3 million net new jobs to wreck our economy is creating jobs at the fastest pace since 1999. john: what?
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it has been slow but obama was telling the truth finally we did have a strong job growth that i am sick of the politicians talking about creating jobs. if the government gets out of the way than the private sector creates real jobs the big government president wants said this. >> if you have the business unit did not feel that somebody else made that happen. >> he will meet -- meant the government built the roads but he was wrong you did bill that i assume the president's successor learned from his mistakes. >> don't let anybody tell you it is corporations or businesses that create jobs. that all the theory.
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john: later she said she met tax breaks but her statement reflects the anti-business attitude government is good but business is creepy and bad and i feel one williams feels that way because he is left-wing and hadley does not like that but they did not do with a lot of the. >> of course, large printers and job creators and business people can acknowledge that but that statement from the president significantly understates the individual risk and responsibility that are entreprenuers undertake. >> my greedy your body language suggests that maybe you don't disagree? >> i have thought those were a capitalistic and take a risk.
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john: water they doing? bennett they are telling you the truth we have the best economy in the world for a reason because of our worker protections and investor protections and consumer protection and. >> there needs to be basic law and order so when they know they make of free exchange to have that certainty and security and they know what to expect that government has gone too far to regulate every aspect of business to make it much harder for job creators to employ and give raises. john: the new high number of people out of the work force you don't think that is because the big government? train wreck i take it is because of a terrible recession and we usually paid bounceback.
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>> bed again with the severity of the recession. >> a private sector is overregulated. people don't see that as a reward for taking that individual risk of responsibility to start their own company. john: they could be in trouble for breaking able they did not know about it. >> it is astonishing in the 1950's with an economic boom in this country tax rates were higher. john: but there were not all of these regulations. >> we had a very aggressive government. >> i don't argue i think government tends to get bigger and bigger not always for better but it isn't the case that we have government as day presence.
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>> it was 5% of the economy today is 40% but that disconnect with thousands of pages of new rules to say we are creating jobs? a lot of people on your side have no problem with that spirit why do they have a disconnect and then to say this economically as the government creates jobs. >> i gave you a spoon to tell you to dig a hole but would that create value? >> i talk about job creation without a doubt government plays a role. >> but if we pursue wealth creation radio create more jobs. >> e then if it creates
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useful jobs they can punish you if you don't pay people eat enough. what is enough? americas minimum wage has been $7.25 at six years and has not kept up with inflation now bonn williams once is $16 per hour. is that good enough? >> it has not even kept pace with the cost of living these people are trapped in the low income jobs. john: then that means they have no job because some workplaces will not pay that >> it is basic math when the cost of a good or service goes up they by last that means the price of labor goes up so they employ a few were people. >> welcome, everybody. i am neil cavuto. why not 50? direct obviously 50 would have a direct consequence. john: 59 doesn't? >> raising minimum wage has
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almost no impact we will do less impacter hire less workers? the metal think that is true look at seattle at the airport to small-business is say we cannot keep up with the mandated increase of labor cost per bowknot -- had to get there through mandated is artificial wage rose that the cost of living is lower than an rubio cost. >> but these would be a stepping stone to put you in a position. >> but we take away that stepping stone for the low-skilled workers you cannot get their foot into the door. john: we are out of time we could have an endless debate of minimum-wage but it is nice we have a living experiment half of the
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state's require workers to join the union that way there is no free ride of the 25s are right to work that you have a right to work without joining a union both say we are protecting workers but they cannot both be right. we have a good fight going on this. >> living wage health care pension and the ability to retire. ♪ john: that was in michigan and it did not succeed basted not succeed either
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[chanting]. john: the union did not have enough power to stop wisconsin to be the 25th state with there right to work economist steve morse says good but i concede the point it is unfair because some people will say if i don't have to pay the dues i get the benefits without any money spirit the first amendment says you have the right of association with any group that you want to. but it also means you should have the right to not to. >> i was forced to join a union. >> my first job in chicago, illinois were you grew up the unions to get the money out of my paycheck that is right developed some of this hostility because shittah
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and i choose if i want this union to represent your not? i don't want money taken out of my paycheck to pay for the big parties and conferences shouldn't that be the right of every individual worker? john: but then how could there be a union? bin mckewon said get together with 20 or 30 workers. john: with a bargaining unit to say we want $20 an hour and bargain on behalf of those even if the union gets of raised then those rules stop job growth. >> let's say we work next to each other at a factory and i am more productive.
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under union rules we have to progress at this aerate the most productive in the efficient workers. >> so you start to slack off. >> exactly at the "wall street journal" we would interview heads of the fortune 100 companies that would decided they would build new factories and they would say we don't even consider a state if it is not right to work. john: implanted increased 8% in right to work state. >> the biggest thing in charleston to build a massive building plants which left seattle which was unionized because they did not want to do with the union but that is 7,000 jobs that are now in south carolina. john: but the union says correctly that both the union and nonunion workers
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have lower wages. >> but they also have a lot more jobs i don't even believe these workers in south carolina field they are underpaid. they sweep them up a line around the block with pretty good salaries. john: what would you say to these two? >> you cannot dissolve the middle-class to think we will have progress we spend money we produce revenue that we built the middle-class pay as more people will spend more. >> if the unions are so wonderful then why do you have to force me? why can i not choose? and they don't have a response why should we force people to join if it is a
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wonderful thing? to join the argument please follow me atwitter or i'd like my facebook page. how important is that first job? >> washing dishes. >> but where do jobs come from? who creates jobs? >> stimulus i guess? you're down with crestor. yes! when diet and exercise aren't enough, adding crestor lowers bad cholesterol up to 55%. crestor is not for people with liver disease, or women who are nursing, pregnant,
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john: where do jobs come from? who creates them? is seems like a basic question when i asked people that but the far more frequent response was a blank stare. >> people stimulus. >> i have no idea. >> one person said stimulus? governments stimulus creates jobs?
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obama stimulus is more than $800 billion government just threw money at people and that their cronies to supported them with political connections it is the slowest job growth ever. the correct -- correct in answer is entreprenuers like best buy that has 140,000 people. when braddish started it had 65 per you work your way up? >> i did but i would have sounded like those you interviewed when i started it death a while to figure out that is not how it works john: you kept moving up the image became ceo. >> i saw at the ground level what it takes and also how to be extraordinarily successful with the customer
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on your side. john: you increased the size of the company's 65 about 160,000 but there has been some creative destruction know there are fewer workers i suppose competition but some is regulation? >> it is much harder. over first 20 years it would be relatively easy and as the company was growing you to go to government agencies to get protection but it is a lot easier to do that it is certainly a lot harder. john: i am agree but many say that with the clean-air rules and here is the cruz
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about the regatio. >>on't yoagreyou co jobsby putng e maates eloye and businesses in general? >> talk about fuel efficiency standards. two responded to the new requirements. >> that they hired more to working compliance so let's be honest to say some will hurt or go out of business look at the macro evidence we are trading fewer jobs r time i don't think that is an accidental connection. john: where the congressman is wrong it is a broken window fallacy break windows because then they have to
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hire the janitor and the glassmaker said you create jobs but leaves out those jobs that go into compliance you higher fuel were real creators. >> i understand why we helped to make the environment safer but what isn't there is the honest of those unintended consequences with those costs and regulations that cannot afford to do it they're not the of large well-capitalized corporation. that crushes the little guy that has the lion's share of the jobs. >> when i began the segment i said to creates jobs i should say a few people got their price period businesses to write business
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people business creates jobs john: is the era of 9 to 5 over? but next the importance of your first job. >> my job was to clean up the parking lot of the dairy queen. >> molly lawns at the diversity of denver $1.50 per our spirit washing dishes at the hospital. .ú.úññ
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so what about that stock? sure thing, right? .ú.úññ actually, knowing the kind of risk that you're comfortable with, i'd steer clear.
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really? really. straight talk. now based on your strategy i do have some other thoughts... multiplied by 13,000 financial advisors it's a big deal. and it's how edward jones makes sense of investing. >> in this town it is hard to find an apartment even if you do make $15 an hour that brings up the point to skip the minimum wage today how many actually support a family or themselves?
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many minimum-wage workers are kids learn in there first job my first was the deckhand on a sailboat but i learned to show up on time and do what the boss tells you for all my colleagues also had bad first jobs not always paid minimum wage. >> clean up the parking lot. >> washing dishes. >> garbageman. >> mowing lawns and. >> newspaper girl. >> washing dishes in the industrial kitchen at a hospital. >> school nights until 2:00 in the morning. >> many first jobs were hard >> i would wash pots and pans and scrub with no dishwasher. john: but we've learned. >> the value of hard work.
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>> it was a hoot to make money. >> i'd do better than minimum wage then i bought might own a lot more in the average charge a dollars with a much more lucrative business working for myself. >> it taught me to be punctual. >> you may not be late. >> if i wanted to buy anything for myself i had to make my own money. john: i decided i did not want to clean votes all day. my first job was probably illegal. i was 14 with no paper work whole lot of my colleagues learn. >> you're not supposed to drive that 13.
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>> child labor laws but the government's rules create unintended effects it is meant to keep the kids out of sweatshops to save 50 notes may not work more than three hours per school day or before 7:00 a.m. and read the fine print because if you don't you were in trouble. this gray three change let teenagers work said they were fined $600,000. they just don't fear the fines but the paperwork if they dare hire a young person. that is why a so many companies today will not even consider hiring a person who was not at least
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16. so many valuable opportunities are lost. >> i was eight years old to work in the bakery. i don't think i even got paid. >> it does make some exceptions if you work for your family. >> my job working in a family's restaurant at eight years old then promoted to host is then waitress. john: she learned from that. from the work that sadly is off to a new legal. >>. >> only after she spent time working to say that now it was transformative but now they are mostly illegal to say they exploit young people.
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to exploit those other interns many went on to careers in journalism even though they did not have the experience or knowledge of what it is like to work it was a win-win but the administration and lawsuits that have killed those opportunities in the largely gone for both banks government politicians are responsible for this. >> cut the number of full-time jobs by 2.3 million
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all: milk! milk! milk! milk! milk! okay! fun's over. aw. aw. ♪ thirsty? they said it would make me cool. they don't sound cool to me. guess not. you got to stick up for yourself, like with the name your price tool. people tell us their budget, not the other way around. aren't you lactose intolerant? this isn't lactose. it's milk. ♪ john: the once tried to open
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n a lemonade stand i failed. tried to follow the rules that they were in the was the government said i had to take a 15 our food protection in class. to sell lemonade? then i have to wait weeks than a fire extinguisher. john: eventually i gave up to open in a legally it would take 65 days the yet government keeps adding wrote -- rules i say this is why job growth is so slow. fewer people even try to start a business today because you don't know if you break the rules this isn't 175,000 pages of the regulations on the books
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today the university of virginia law professor says regulations are good. the manhattan institute agrees with me. you have to read mitt this deters people from opening a business? >> we'd want people to sell toys in lemonade so we need to identify the rules to lead to positive consequences to affect every major rule goes through a cost-benefit process to make sure the benefits outweigh that cost. >> first of all, people will kill their customers? i suspect he will block poison his customers if they ate make them said he will
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not last very long and he is out of business or in jail. >> belle glade you have all of these rules and piles of paper how to keep that straight? >> sell the of these need to be undertaken of new knowledge for example, to talk about specifics that is under development for a long time and though the recently have we been able to adopt those regulations. >> death air and water got cleaner thanks to those regulations but now we're into minuscule differences. >> it depends on your perspective. but what saved tens of thousands of lives based on
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the well-established there is no local conspiracy. >> rand if regulations did that maybe we have a different conversation but talk about the epa with $6 billion or more where the department of transportation could do the same so there is a wide disparity between organizations. >> if they wed just make up these numbers then they also go through additional scrutiny then they ensure that government does not cooked the books. john: what about the americans with disabilities
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act? look at what has happened fewer disabled people work because employers say if i hire this person i can never fire them. 51 percent of disabled now is down at 32%. >> look closely about causality. if we found there were negative job consequences i do think the solution is to walk away but identify what type of job training or placement to ensure there in positions where they can succeed. >> using paper and procedures saul's everything >> eppley need the right to rules of the road to maximize value for the american people. >> look at what we have
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right now there is over 1 million uses of words like shall ormuz store cannot propose are commandments. >> we could simplify regulations and lawyers could get to work to simplify there are mechanisms their procedures to evaluate. >> he talks about protecting consumers but unless they protected is established businesses to raise the cost to entry. lot of times we see the fingerprints of big business on regulation. >> and they have day compliance compartment to deal with that. >> why then 9-5 job keeps
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john: ♪ that movie was of view of what it was like at that time. even if there was some truth but my guess says 9 to 5 is no longer true. >> today we are constantly connecting you cannot escape from work where you go home research shows of boss expects you to a dancer emails and phone calls. john: a lot of people still work 9 to 5 about one-third. >> it is becoming extremely rare in a world that is constantly demanding through technology a cellphone and social media you cannot escape it it will be
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completed the inescapable. if you are very ambitious say and do have more time to be a more productive use this technology but if you are not you want to remain stagnant it will be tough because the company will just hire somebody for less money to replace you who will work harder. john: they say then we are of use but us bls said the average hours worked per week has declined 13%. >> so the average of full-time employment is 49 hours a week for for a room the workers - - four hour the workers it is 48 if you just work 9 to 5 you have to work for your parents.
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john: but some action like that is the burden. >> people -- of people don't want to work that. >> is a results based economy where lawyers still wanted do things like they did 30 years ago but cop if you can show results. >> i would think that is good you perform or you don't. people are still clearly unhappy this woman quit her job line jujube and made this deal its video and 90 million people watched it she wanted to make a funny video a and she was hired so
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society rewards year to do these events to make a mockery. >> she ends up switching jobs would you hire her? she could do it again. john: in the movie she begins to go would disturb repressive boss percolator they locked him in his house while he is:the improve the workplace to add flextime. >> this is the program may authorize a flexible hours. >> people love it. >> this is their hollywood depictions in but workers today have choices.
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>> the good parts of technology is it is much easier because you have such a large network people constantly recruit the base -- the best time on a daily basis. john: elias that people say when they tried to do get a job. when cigarette cravings hit, all i can think about is getting relief. only nicorette mini has a patented fast-dissolving formula. it starts to relieve sudden cravings fast. i never know when i'll need relief. that's why i only choose nicorette mini.
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can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?
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crestor is not for people with liver disease, or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin or eyes. these could be signs of serious side effects. i'm down with crestor! make your move. ask your doctor about crestor. usaa makes me feel like i'm a car buying expert in no time at all. there was no stress. it was in and out. if i buy a car through usaa, i know i'm getting a fair price. we realized, okay, this not only could be convenient, we could save a lot of money. i was like, wow, if i could save this much, then i could actually maybe upgrade a little bit. and it was just easy. usaa, they just really make sure that you're well taken care of. usaa car buying service. powered by truecar. online and on the usaa app.
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. john: record numbers of people are out of the workforce. somewhere retired, some are disabled. millions say they want to work, they can't find a job. i interviewed some of those people outside a government office right near here, that awards benefits to people who cannot find jobs. what should government do to help people in need? >> give them money. >> they need to find more jobs. john: have you looked for jobs? >> yeah. john: no jobs around? >> no. john: there are no jobs around? >> i don't think so. there wouldn't be this line out here if it was. john: i asked my team to check that out. within a few blocks of the welfare office, they found lots of businesses that want to hire people. >> yes. we are hiring. john: this frozen yogurt store wishes more people would apply. >> we need two or three people all the time basically. john: so does the burger joint. >> hiring for cashiers, chefs
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and prep cooks. john: of 79 businesses that we asked in less than two hours, 40 said they would hire. 24 said they'd take people with no experience. >> at the welfare office people told us there's no jobs. >> plenty of jobs. john: he said he'd like to hire a dozen people but no one applies, and his restaurant is a block away from the welfare office. one of the women i met at welfare office works for the human resources department. is it possible they're not trying? >> a lot are not, you can tell the ones that are trying. john: do you think you, in human resources, encourage people to be dependent? >> yes, we do. john: what should we do about that? >> i don't really know, i don't really know. i guess stop giving away the money and they'll get a job. john: have you looked for a job? >> i can't work right now because i'm on disability. >> there is nothing out there. nothing. john: there are no jobs? >> no, nothing in my field, i'm a medical assistant.
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john: what about going outside your field. >> i've done that. john: working in a restaurant. >> the restaurant is not going to give me the money i need to stay where i am. >> the restaurant won't pay as much as she can get by not working. well-intended welfare state taught people work is for suckers. have to leave the house, hire baby-sitters, spend money to commute and take orders from a boss. why do that if you can do pretty well without having a job? that's a terrible message. not only does it deprive america of the wealth and innovation if more working age people do work, but also, most of the workers themselves would be happier. so says the author of hacking happiness. john havens. what do you mean they'd be happier. >> find a sense of purpose in the work. the woman said i'm a medical assistant, doing the work you feel you are born or have the skills to do, that increases well-being. john: you feel purpose, you
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feel good about going to work. how many people have that? what if your work is really hard, if you're scared going to work, if you struggle? . >> work shouldn't be hard in the sense of a challenge. risk about work is a good thing. there's the thing called the flow state. if you're a marathon runner and interviewed someone at the height of a race. they're not going to be going hey, i feel fantastic, they are in physical misery but built what they are going to do. like chariots of fire, he said why he had to go to the olympics. i have god's pleasure in me, i'm doing the work god gave me to do. john: this is especially important for men more than women. >> men feel the cultural onus to be the main bread winner, and divorce can be caused more when men don't have work to bring home the bacon. john: women are wiser, they have other things that bring them sense of purpose in their lives. men tend to focus on work.
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>> it's actually a cultural perception. the positive psychology is uniform for men and women, in the sense of gratitude, altruism, flow, is the same for men and women. the cultural flow from the 50s and 60s linger, the idea is men feel, and this is what men pose to themselves. they feel they should bring home more money, even if the wife or partner don't think they need to. john: thank you, john. he's onto something. i asked people outside the studio. if you didn't have to work, would you? >> no. >> no. >> hell no! >> not if i didn't need the money. >> absolutely not. i'm done. >> i would still be doing productive things. just wouldn't be, you know, working for the man. john: i can assume most people would say something like that, but what surprised me is that more people said this. >> i actually love my job. >> i love all my jobs. i have three, and love every single one of them.
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>> work gives you purpose? >> extremely, yes, yes. >> absolutely get something from the job. john: me, too. that's our show. see you next week. you. ♪ >> from queens college, city university of new york. >> university of virginia. >> university of texas at austin. >> guatemala. >> unc charlotte. >> vanderbilt university. >> university of queensland, brisbane, australia. >> university of maryland. >> are you republican? >> no. >> are you democrats? no. john: what are you? [shouting] [applause] >> and now, john stossel. [applause] john: i'm in washington, d.c.

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