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The Lifeline Program CEO Scott Page and the Trean Group’s Scott Shellady on the president’s call to raise the minimum wage.
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The get go on joined by a first -- -- page she's a CEO who runs a business.
All right Scott I want to have your take on the nine dollar minimum wage proposal by the president last night goes.
I think it's a great idea -- what you -- -- high level people what the cost of labor goes up a.
They can we have to look at the bigger picture here's what we're looking at issues such as with one of the things I believe what the president's -- four.
If we -- to get more people off of welfare and entitlements.
Fifth of paying more look at the national the federal poverty level filmmaking you know way to have to Jonathan in poverty optional to raise in rate they're gonna have more money to spend more money would come to the economy.
And as a business owner I think -- more responsible to take Caribbean.
Police aren't we a yeah let's see what's happening on Wall Street opening bell has wrong not -- -- and running.
I think we started out about a 150 points away from the all time record high.
With still about a 150 away the -- out with a very very slight drop for the Dow just -- down two points as of right now.
Now -- to go to Chicago and bring in Scotch reality.
-- Everybody's taxes went up last month the payroll tax went off retail sales negligible -- -- -- point 1% what's that telling you.
It's not the state of the unit it's the fate of the unit and its chiseled in stone it's not good.
No matter what you -- talking but no matter what you want to talk about we still have an 8% unemployment rate at 2% growth.
This is just not working so.
You can paint a picture that things are getting a little bit rosier but -- that car over take a look none -- the bonnet and I'll tell you that that engine does not look good and were still in trouble.
-- you're an employer.
The president wants to raise the minimum wage to nine dollars and -- -- and you -- walk.
I -- what is of the free market dictate whatever you have to pay your employees.
If you want good people you pay -- more I think that's something that the employer should decide and not the government I don't know why that's been an issue so far so long.
If I want -- pay somebody because I think they're a good worker.
I'll reward them if they're not I won't reward them I think that that's common sense new record high for stalks pretty soon you think Scott.
Well I guess you have to put your hands -- -- -- -- -- everything you see I suppose that's with the government's failure to do with what they're doing with the -- you know QE whatever forever.
I don't think that that's something I could tell my customers do but you have to be a little bit evolve because you're gonna miss the train.
Ultimately we're gonna have a come to Jesus and we're gonna have some sort of are a correction here but it's not going to be any time soon and you don't want to miss out on the.
Short term returns are guys got shot and -- right there in Chicago thanks very much indeed stop page or why did you just let the market set to wages why don't I think this whole discussion about.
Free market less regulation.
Let everyone dictate how -- run himself as a mistake.
Businesses and people need moderate regulations and four -- a way that over a -- wait wait a second you'd think that is okay for the government to tell business you will pay back -- vast amount of money I think it is in this environment that we need some change and I think -- people again that you have to look at the bigger picture which I think everyone's looking a little microscopic approaches to things.
We have an economy that's suffering we have a deficit we have an entitlement program that's in big trouble.
And anti tip people off the pop poverty gotta pay more no one -- -- dollars an hour that's 181000 dollars a year.
How do you expect pivotal Libreville 141000 dollars or whatever else but again what I will let you know in -- -- -- -- give them at -- -- that's -- the minimum wages fall for heaven's sake -- happy with -- people fresh out of high school -- a very very first job.
It's helpful guys in their forties and fifties or self help Campbell coming at a hospital -- have to worry that in the first job because they're gonna do what Obama carried out ten dollar amount all they happen gonna John had a because of this -- -- this economic policy jobs are gonna be done.
Nick com.
