Pay Mas - Fast Food & Minimum Wage

  • Aired:  08/01/13
  •  | Views: 170,926

Fast food workers demand increased wages and financial analyst Neil Cavuto shares details of his first job. (4:11)

COMBAT THE INEVITABLE

DIARRHEA, CHA-CHA CHING.

SO THAT IS THE CASE FOR A

HIGHER WAGE.

WHAT IS THE CASE AGAINST.

>> ONLY IN AMERICA CAN OUR

POLITICIANS BEMOAN A LIVABLE

WAGE FOR GETTING ALOT OF

FOLKS WOULD BE GRATEFUL FOR

ANY WAGE.

>> PEOPLE ARE NOT IN POVERTY

BECAUSE THEY ARE MAKING

MINIMUM WAGE.

>> WHAT WE ARE TALKING ABOUT

IS REWARDING MEDIOCRITY.

>> THE FIRST STEP ON THE LAD

CERTIFICATE NOT TO BE

COMFORTABLE.

YOU'RE NOT SUPPOSED TO BE

HANGING OUT THERE.

SO YOU DOUBLE THE SALARY,

YOU TURN THAT RUNG INTO A

HAMMOCK.

>> EXACTLY.

YOU REMOVE THE INCENTIVE.

IF YOU RAISE THE MINIMUM

WAGE, PEOPLE WILL NEVER STOP

WORKING IN THE FAST-FOOD

INDUSTRY.

THEY'LL GET SO COMFORTABLE

IN THOSE HOT KITCHENS AND IN

THEIR ACRYLIC UNIFORMS,

RELAXING IN THAT GREASE FOG

SELLING LIKE PROCESSED MEAT

NO MATTER HOW MANY SHOWERS

THEY TAKE.

OF COURSE--

(CHEERS AND APPLAUSE)

>> IT'S LUXURY.

IT'S LUXURY.

THAT'S HIS POINT.

KIND OF.

OF COURSE HE'S ALSO GOING TO

BE BUSINESS FOR THE SAME

STUPID STUFF ON TELEVISION

INDUSTRY.

WELL, NOT SOME OF AN

INDUSTRY AS A COMPANY.

BUT WHEN YOU THINK ABOUT

IT-- WHEN YOU THINK ABOUT IT,

IF YOU THINK ABOUTING IT,

THEY ACTUALLY WORK VERY MUCH

ALONG THE LINES OF THE FAST

FOOD BUSINESS MODEL.

THEY SELL YOU SOMETHING THAT

LOOKS APPETIZING BUT LEAVES

YOU FEELING NAUSEOUS FOR

HOURS AFTERWARDS.

AND ANYWAY, IF THESE WORKERS

WANT A RAISE, WHY DON'T THEY

ASK THEIR LIBERAL MESSIAH.

>> WHAT A SAD COMMENTARY IT

IS THAT IN THE OBAMA ECONOMY

WE'RE SITTING AROUND A TABLE

TALKING ABOUT PEOPLE BEGGING

FOR MINIMUM-WAGE INCREASES.

IF THE ECONOMY WERE STRONG,

McDONALD'S WOULD BE PAYING

HIGHER WAGES.

>> YES.

BECAUSE THAT'S HOW

CAPITALISM WORKS.

COMPANIES AILES PASS ON

HIGHER PROFITS TO THEIR

LOWER LEVEL WORKERS.

THAT'S A FACT.

THAT'S JUST-- THAT'S HOW THE

SYSTEM OPERATES.

(APPLAUSE)

>> EVERY ONE REMEMBERS HOW

DURING THE ECONOMIC BOON OF

THE 90s FAST FOOD WORKERS

WERE JUST FLINGING PIZZAS

OUT OF THEIR ROLLS-ROYCES.

BUT IT TOOK FOX NEW'S NEIL

CAVUTOO TO LEND THIS

ARGUMENT THE PERSONAL TOUCH.

>> THAT DOESN'T LOOK

ANYTHING LIKE ME.

ANYWAY, WHAT I AM ABOUT TO

SAY ISN'T WHAT WE CALL DEMO

FRIENDLY.

WHEN I WAS A KID WOULD YOU

BE GRATEFUL FOR ANY JOB YOU

COULD FIND.

>> LET ME STOP YOU RIGHT

THERE.

BECAUSE FIRST OF ALL, YOU

DON'T GET TO JOKE THAT

SOUNDING LIKE A CRANKY OLD

MAN IS NOT DEMO FRIENDLY.

BECAUSE YOU MUST BE WELL

AWARE THAT THE MEDIAN AGE OF

THE FOX NEW AUDIENCE IS OVER

65 YEARS OLD.

OR HOW MUCH OLDER?

WELL, NO ONE KNOWS BECAUSE,

AND THIS IS TRUE, NIELSEN

STOPS COUNTING AT 65.

BUT I'M SORRY, YOU WERE

ROMANT SIZING YOUR

CHILDHOOD.

>> ALL I KNOW IS AS SOON AS

I TURNED 16 AND HEARD THAT A

FAST-FOOD CHAIN CALLED

ARTHUR --ERS WAS OPENING A

STORE, I GOT THE JOB.

AND SOON LOCATED TO RELIEF

MANAGER.

THEN WEEKEND MANAGER, THEN

BY THE TENDER AGE OF 16 AND

A HALF YEARS OLD-- FULL-TIME

MANAGER, YEAH, IT'S TRUE.

IT ALL STARTED AT $2 AN HOUR.

>> UNFORTUNATELY WORKING AT

ARTHUR --ERS WAS APPARENTLY

THE LAST JOB NEIL CAVUTOO

WAS ACTUALLY QUALIFIED FOR

BECAUSE HE IS CERTAINLY NOT

QUALIFIED FOR HIS CURRENT

POSITION AS FINANCIAL

ANALYST.

BECAUSE AS OTHERS HAVE NOTED

THE MEDIAN FAST FOOD WORKER

TODAY IS ACTUALLY A

28-YEAR-OLD ADULT, AND NOT A

16-YEAR-OLD NEIL CAVUTO

GETTING HIS FIRST JOB TO

EARN MONEY FOR BEER AND

PORN.

AND-- FURTHER MORE, CAVUTO'S

$2 AN HOUR WAGE IN 1974

ADJUSTED FOR INFLATION WOULD

TODAY BE WORTH NEARLY $9.50

WHICH IS MORE THAN $2 MORE

THAN TODAY'S MINIMUM WAGE.

BUT-- IT'S AMAZING.

(CHEERS AND APPLAUSE)

>> IT'S INCREDIBLE.

IT'S INCREDIBLE THAT HE HAS

THE INCENTIVE TO LEAVE THAT

FOR HIS HIGH PAID JOB ON

TELEVISION RIGHT NOW.

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