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Former investment banker Carol Roth on the impact of the teachers strike throughout the Windy City.
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It's right for the thousand students right now out of school because teachers unions will not agree to merit pay.
-- this after mayor Rahm Emanuel offered them a big raise Carol Roth former investment banker at Chicago resident joins -- company.
Carol you have to tell us first about business you know how -- -- business gonna be hit by this.
Well child I think it depends how long this goes on for this is a one day thing which I don't think anybody but he believes it would be it sort of the same as having an emergency David of this goes on and on -- on.
Is going to hurt businesses and is gonna hurt working families thirty have to buy an alternative care they're gonna have to.
Pay money in some cases for alternative care so I think that that's one of the big issues that a lot of the working families are having frustrations without here in Chicago.
Yeah I gotta tell you -- read a lot of stories on the local media and your neck of the woods on this and once said that the Mexican families were extraordinarily upset because they feel like any day -- their kids miss.
There's a huge opportunity for them to catch up with in the system so everybody across the board -- being hit by this.
I think one of the big challenges you have to realize the kids just got back to school in some cases it's been about four weeks in -- -- hasn't been one week.
So there's a disruption in the learning process and that becomes something that the -- they're having frustration about in addition to the additional burden from their own pocket -- And just having the jockey their own schedules they're gonna have to work extra hours they're gonna have to find alternative -- -- And while everybody have a lot of respect for the teachers I think a lot of the working families are having a lot of frustrations.
Around the situation.
Well you know it's it's interesting if everyone respects -- teachers I know I've -- one of the big teachers involved in this and OK let's do this let's dance.
Major union delegate talking about let's go on strike.
This cannot be -- where what people in the city.
It it's not certainly not a popular stand.
It -- have to remember that the teachers work for these families their property sector -- the ones that are paying for them.
And when you're in an economy where families are struggling to find work they're struggling to keep their own level of paid to have some class.
Of the folks that seizures asking for more pay -- making demands and then shifting the burden back is creating a lot of frustration so again I feel like there's an an empathetic support for the teachers they they respect them as teachers but.
Certainly saying it's not -- this isn't the time to do it and if you're that close I'm making a decision and then make that they have those negotiations but don't go on strike and I think that that's a big piece of the frustrate.
Absolutely 60% raise is offered over four years in their -- close some benefits all of this over the notion that they don't -- any sort of meritocracy and a system.
What's ironic because I'm sure they have to -- to students on some sort of meritocracy system Carol we appreciate it thanks a lot.
