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Paul Mitchell CEO John Paul DeJoria argues the minimum wage should be raised as long as it increases productivity and expands a businesses' consumer b...
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Our current admitted on of the minimum wage discussion our current federal minimum wage is seven dollars.
And 25 cents an hour.
Well below the minimum wage in these countries back in 2011.
Dump -- is here he is the co-founder Paul Mitchell systems he's the founder of the trying tequila joining us now.
From Austin, Texas John Paul great to see you ten bucks an hour -- You say yes to that.
Yes but let me explain how a -- are talking about increasing wages.
If you're making seven according go to nine dollars -- happier doing the same -- -- making more money.
But for the employer many employers are saying while I'm raising now -- payroll 25%.
Same productivity.
I can't afford it a lot of people are thinking that way but the answer shouldn't be.
Raising the money it's how do you increase productivity.
And be able to pay people more -- have more of a consumer based.
That's a secret so here so my suggestion as if somebody is hired for example.
For seven -- 750 whatever they're hired for however you work with them.
In three to four months it's a ramp up period of time we're gonna learn the job and how decrease of productivity.
Of what we're doing.
So our business could have at least 25%.
More.
Income because we're increasing productivity.
Actually if we do it up to 30%.
How about ten dollars an hour.
In other words when people are around for awhile people don't mind paying them more.
If they have more job experience UN human beings are capable of doing a heck of lot more but job.
You're talking about a decision made by the business owner and operator of private decisions on one mandated by the government.
But if the government did move the minimum wage up.
To not in a quarter originally president bomb in LA talk about 95 day.
If you had that kind of didn't you know even as stair step move in that direction that was mandated by a local Sam that would hurt job creation -- -- not.
It deftly what it would affect me at all because -- pay 50% more than that are minimum wage and -- around fifteen dollars involvement tell.
But if the government did it and said let's students such a way where we could increase productivity by doing it now we have a big difference.
I spoke to some people that said to me.
JP we're gonna stop hiring youth part time jobs because we really can't afford is gonna affect us 25% more.
Or we're gonna come back a little bit so yeah that is a big deal.
But if the government can work with business and figure out a plan.
To increase productivity.
Then it's not going to be an issue right now for some people unfortunately there's going to be an issue and I hear that a lot of people aren't gonna get jobs are.
Less most people are going to be doing some things you know right like to see more people working.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And she had a three month rapid period of time by the end of three months in the didn't work out for her hate.
Thank you very much you got a good recommendation of -- work out good for us thank you very much.
We appreciate you anyways but if it didn't work out you get a raise because and that ramp up period of time.
You can start doing what someone is doing that would normally take -- a year right so there has to be some balance -- -- make ten dollars an hour.
But the productivity.
Must go -- with that.
And not just a wage increase to destabilize everything.
And we had just really quickly John -- we talk a lot this week about -- Patrick knowing the poll first woman never do that and -- the top NASCAR series.
That would give your daughter shout out because she races she drag races -- -- she -- -- -- -- -- -- -- Top fuel funny cards are best B I think was four point 04 seconds.
390.
Miles an hour two years ago she broke the world record.
-- -- call funny car for men and women alike were so proud -- She's racing this weekend in fact in in a Phoenix Arizona Alexis to Doria Courtney Alexis in your area that's Cochrane superintendent yet attack raising girls so bad girls I just wanted habitat banking jobs -- -- save you bet all -- people unhappy this guy -- -- -- -- out there.
