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“Hardcore Pawn" star Les Gold on the booming pawn-shop industry and how it reflects on the economy and the country’s work ethic.
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Our next guest is the -- of the popular reality show hardcore.
Pawn he runs a pawn -- in -- right.
-- -- an area that's been hit very hard to and -- recession joining us now is let's go let's welcome to show bigger much a couple things we've got to cover with you first of all of the pawnshop industries just absolutely exploded.
-- great for you but not so great for America law.
Normal Americans that have utilize pawnshops in the past.
Have always understood our business what's happening now is people that have and it had -- to their life.
Are now utilizing the pawnshop.
On people that have done six figure and seven figure incomes are not utilizing us number one because there are -- economic.
Issues are prevalent.
They've lost a lot of money you know a lot of those people have lost a lot of money in the utilizing a punch up one thing to bring in merchandise to -- to to get money.
-- have their house in foreclosure when they have difficulties.
And the other side of it is because -- make -- less money the utilizing the punch up to buy merchandise people are understanding that pawnshops -- a place to get great value for the book.
Also so the -- so there's economic benefit at least for a handful of people bought overall though.
The narrative business that weren't a lot of trouble I mean you're seeing people whom you would have never seen a few years ago comment attentive to try to catch things out now.
That's exactly right those people that have used that used to make you know six figure incomes are now -- not so they're utilizing us is their bank.
They're there for a one k.'s have gone to -- toilet there -- their savings accounts are nowhere so they need money these still need to pay bills.
We keys that -- you think Americans -- at.
He's down -- that while -- work ethic is down because people don't -- -- work I think there's jobs out there.
But think think that there menial jobs they're not as important as the job that they used to have so these people that used to be really important in business in industry you know.
I now understand that they'd rather just punish stuff up and go to work exactly right there work ethic is less but that also self -- -- a bunch of people.
You've given a lot of people shot and they just can't think this -- they could do it won't get -- -- I didn't do it the -- I hot.
I hire people in this supposed to start on Monday.
They never show up or they start on Monday they go -- to launch and -- never come back to work.
I think that if people had to work ethic of waking up in the morning and understanding how bad you -- it.
Good to be successful war or it it makes no that was what you do if you want -- bad enough his opportunity to.
I don't -- -- here and all through the show today responsibility.
We have people who are not taken responsibility for their lives that means you do take the job you need to to pay your bills in my whole law and you do whatever you need to the go to work in -- store.
All through this all morning we've been talking about this it's a cultural problem in America and it's not helped by government pushing this back to entitlement will give you something to do nothing.
I think that -- you know in regards to that you know welfare if people should have an up an obligation.
To make sure that they go out there -- trying to get a job I understand if you can't get a job that's one I get it.
But if you have the opportunity that to get employment.
Gulfport Gulfport bottom line is that it's easier not to be responsible and I think that's the real sad thing that -- governments -- -- our country before we let you go -- Aston.
So -- more -- -- seeing things that you.
Had you know brought into this -- lately.
Well we have a lot of people bringing in a lot of things there was one instance where a gentleman got hurt on the job he lost -- he came into part of liable.
In front of a class on a glass side would look at -- and he got nothing because -- size specific intelligence in made -- sick.
When he took got -- -- -- but people bring in prosthetic limbs but the majority of our business 90% of our business is jewelry.
10% is electronics computers televisions -- stuff so.
We've seen an uptick in not in people parting merchandise we see that he did the people -- used to make a lot of money are standing up farmland -- if you see the showing true TV you realize we have a line of people waiting every day and they'll wait 45 minutes to an hour to get service so there's there's a lot of there's a lot of opportunity bring your merchandise to punch up.
You departing -- -- buying merchandise and all you need to do is wake of the morning how bad you want it go out and get it.
You don't need to look at the economic data from the government you know first and we see -- months in advance while -- tell you its congratulations although to a certain degree I kind of hope that your business goes battle that bit.
So the rest of the country does a little better but you've done a great -- thank you so much.
