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tv   Making Money With Charles Payne  FOX Business  June 19, 2015 6:00pm-7:01pm EDT

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will see what they do after this. >> when. ♪ work is important but do they have to work nine to five? >> no. do they want to work at all? >> i love my job. >> absolutely. >> politicians say we create those. >> 400,000 jobs almost immediately. >> is that true? >> we will cut the number of full-time jobs by 2.3
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million. john: people on the left say that employees need to be paid $15 an hour. >> $20 an hour. >> $50. john: who will pay that? >> there is no jobs. is that true? >> there are plenty of jobs. >> let's get to work. that is the show. ♪ john: have you got a job? and who created that? you would think government creates jobs. politicians make it sound that way. >> we have created more jobs now and any other states in the country except one. >> we create over 100,000 jobs. >> 1.3 million jobs. >> our economy is growing creating jobs at the fastest
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pace since 1999. [cheers and applause] john: what? it has been slow one but obama was telling the truth we finally did have strong job growth but i'm sick of politicians talk about creating jobs the government can have those conditions to foster in been job growth but the private sector creates real jobs. our government president said this to make you have a business you did not build that. somebody else made that happen. john: he meant the government built the road but he is wrong you did a bill that. i assume his successor will learn from his foolish mistake. here she is last year. >> don't let anybody tell you that corporations and
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businesses that create jobs. that old theory. john: theory? it is true percolator she said she meant to criticize the tax breaks but that reflects there anti-business attitude government is good but business is bad and i assume juan williams feels that way because he is left-wing but they did not do it alone. the government plays a role. >> of course, like the rest of us who use public goods like public roads but that statement significantly understates the amount of individual risk and responsibility that all entreprenuers undertake. john: and your body language suggests you may not disagree? >> hats off to people who
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are a catalyst to take a risk to produce profit. john: what are they doing? >> they're telling you the truth. we have the best economy in the world for a reason because of our laws, worker and investor protection and consumer protection. >> there needs to be basic law and order so when they know they make a free exchange so they have that security to operate under law in order and rule of law that government has gone too far to regulate every aspect to make it much harder for job creators to give the raises. >> 93 million americans are out of the workforce people are choosing not to work. >> that is because we went through a terrible recession john: seven years ago.
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we bounceback. >> get was the severity of the recession. >> private sector is overregulated that is why because people don't see the same rewards to take that individual risk or responsibility to start their own company. >> there is a lot of bureaucratic cost. >> it is astonishing in the 1950's when we had the economic boom tax rates were higher and much more intrusive. john: but there were not all these regulations. >> but they haven't gone away they always add more. >> i don't argue i think government as a rule tends to get bigger and bigger not always for better but that is not always the case that we have never had government
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with as a presence during tremendous economic growth. >> government was 5% of the economy today is 40% i would think that slows things down but the disconnect adds thousands of pages of new rules to say we create jobs. a lot of people have no problem. >> why do they have a disconnect? every time rolled were to save as economically all that historically as the government creates jobs. >> it can create jobs i could give you a spoon to tell you to dig holes but does that create value? image she talks about wealth i talk about job creation and without a doubt. >> but if we pursue increased productivity the byproduct is jobs.
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john: even if government rarely creates useful jobs not if it doesn't pay people enough's so what is enough? >> that has not kept up with inflation now he once the minimum raise at $16 per hour is that good enough? fifteen? >> at the moment it has not even kept pace with the cost of living they are trapped low income. >> because some workplaces one. >> when the cost goes up people buy less that applies to labor as well when the price goes up they see fewer people. john: if 15 is good why not 50? >> that would have the direct consequence.
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john: 15 doesn't? >> has almost no impact employer say we will do less business to hire less workers. >> i don't think that is true look at seattle at the airport small businesses say we cannot keep up with the mandated increase of labor cost everybody wants more opportunities but how do we get there? that mandates wage growth real wage growth means of better quality of life in the cost of living is lower. >> but the minimum wage jobs would be a steppingstone to put you in position to get a good job. >> we're taking away that steppingstone most you cannot even get their foot in the door. john: we are out of time. we could have an endless debate but it is nice in
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america we have a living experiment that half of the state's require workers and union companies to join the union that way there is no free ride people who get union benefits but don't pay the dues 25 other states are right to work they said you can work without joining the union and pulsate we protect workers but they cannot both be right. we have a good fight. >> living wages health care and pension with the ability to retire. john: debt protest was in michigan and did not succeed they passed right to work in wisconsin it did not work either.
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the union did not have enough power to become the 25th state with the right to work lot. one economist says good those laws are great but i can see the point is unfair because some people say if i don't have to pay dues so we can associate with the first right to association says we don't. >> you were once forced you join the union. >> with minimum-wage they said the unions took money out of my paycheck what is
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the union doing for me? shouldn't i choose if i want this to represent me you're not? that is the attitude of a lot of workers and on what many black dash money taken out of my paycheck with the conference's of las vegas shouldn't that be the rights of every individual worker? how could there be a union with 20 or 30 union's members to say work rules are very rigid even if they get to of raised then those work rules if we work next to each other that we have
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to progress at the same rate but to say this is not fair i want to have my own spear acustar to slack off? >> exactly we used to interview the heads of fortune 100 companies all the time to say we don't even consider a state. >> with eight .6% but half of that is the enforced union states with the massive boeing plant that left seattle and every but he knows that they don't have to deal with the union with 7,000 jobs that could have been there.
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>> both union and nonunion brokers -- workers have operators but they also have a lot more jobs when they are swapping of the jobs that is the good salary. >> what about union workers like these to? ones you cannot dissolve the middle-class i hear we built the middle-class so wide you have to force me? why can't we have the right to choose? with either workers or
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liberals why should you force people to join one? >> to join this argument please follow me on twitter #jobs and/or like my facebook page how important is that first job? >> newspaper, garbage man and washing dishes where jobs come from one? >> who creates jobs? >> stimulus i guess? one it's a highly thercontagious disease.here. it can be especially serious- even fatal to infants.
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just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router.
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it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. john: where do jobs come from who creates jobs it seems like a basic question but yet by far the most frequent response was a blank stare. >> who creates jobs? >> people? >> stimulus? >> i have no idea one person
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one government stimulus creates jobs creating $800 billion. >> for those cronies that supported them with this lois job growth but of the correct answer is entreprenuers and co's best buy employs 140,000 people but when brad anderson started it had 65 you work your way up? >> i did although i would have sounded like those people when i started it took a long time to figure out that is not how works. john: new became ceo? >> at the ground level how
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to be extraordinarily successful. >> to increase the size of the company? there has ben some creative destruction from the of internet but some is just regulation with today's regulation? >> i think it is much harder during those first 20 years it would be relatively easy to kill the company if they try to go to government agencies. it is easier to do that i don't know if we could make it in the current climate it would be harder. john: but many say regulation creates jobs he says that about his clean
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air rules. >>. >> even if you think they are worth it with mandates on employers and businesses in general? >> no. talk about increasing fuel efficiency standards they actually need more people to help respond to the new requirements. >> he says yes they hire more people. if you increase the cost let's at least be honest to say some people will be hurt or go out of business looked at the macro evidence we are trading fewer jobs and small business has more trouble than ever before. >> where congressman is wrong it is the broken window fallacy that let's break windows because then
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the store keeper passed to hire the janitor so you create jobs but so now you have to hire fewer engineers and fewer real creators. >> i am understand to put that regulation in to accomplish the strategic objectives so let least let's be honest from the unintended consequences with costs and regulations that cannot afford to do it not the large well-capitalized. they can afford it will crush the little guy they create the lion's share of the jobs in this country. john: when i began this segment i asked who creates
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jobs? a few people got it right. >> business. >> business. >> the a government takes something simple to make it complicated. >> business creates jobs. john: is the era of the 95 workover? may be. the importance of your first job. >> my job was to clean up the parking lot. >> mowing lawns at the university of denver $1.15 per hour. >> washing dishes at a hospital
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here is a simple math problem. two trains leave st. louis for albuquerque at the same time. same cargo, same size, same power. which one arrives first? hint: it's not the one on the left. the speedy guy on the right is part of an intelligent system that creates the optimal trip profile for all trains on the line. and the one on the left? uh, looks like it'll be counting cows for awhile.
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>> 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
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many actually support a family or themselves? 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.
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john: but we've learned. >> the value of hard work. >> 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
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drive that 13. >> 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
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person who was not at least 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
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say they exploit young people. 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 full-time jobs by 2.3 million if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin,
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john: the once tried to open 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
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isn't 175,000 pages of the regulations on the books 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
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ate make them said he will 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.
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but what saved tens of thousands of lives based on 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.
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john: what about the americans with disabilities 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.
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>> look at what we have 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
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deal with that. >> why then 9-5 job keeps changing and work create happiness. ♪
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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
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technology a cellphone and social media you cannot escape it it will be 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
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work for your parents. 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
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today have choices. >> 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 when they tried to do get a job. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com.
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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.
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>> hiring for cashiers, chefs 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.
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nothing. john: there are no jobs? >> no, nothing in my field, i'm a medical assistant. 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
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skills to do, that increases well-being. john: you feel purpose, you 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
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lives. men tend to focus on work. >> 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.
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i have three, and love every single one of them. >> work gives you purpose? >> extremely, yes, yes. >> absolutely get something from the job. john: me, too. that's our show. see you next week.

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