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-- new study by The Heritage Foundation warning that the immigration bill the senate will soon be voting on could cost taxpayers.
Six trillion dollars over the next several decades it's a disputed study but it's out there and that was just one serious concern expressed by CEOs.
Let's get more on what's keeping CEOs up at night if you will for that we're -- Welcome -- achieve various CEO of Deloitte he advises fortune 500 companies to welcome to you.
So let's begin with the latest jobs report coming in -- than expected the market rally often -- but do you think CEOs are optimistic is perhaps the market interpreted the jobs -- because.
As you know you look under the hood and a component showed a bump up in part time workers the petition participation rate not moving around all that much.
So -- -- mixed report on certain levels but what's the take away by our CEOs.
Sure I'll give -- -- broad reaction to what first of -- macro level I think it was optimistic police were moving in the right direction yes we've lost nine million jobs we've recovered about six and a half.
Below that you're right that they continue to look for productivity.
You noticed that revenue down but earnings up that's part of the equation was CEOs productivity and growth.
By the way your hiring at Deloitte write your hiring -- not only now but you're hiring for the future girls are a lot of vets and thank goodness that -- doing now and he's really appreciate your service there.
What particular areas are you hiring and right now at the white.
Actually great question and thank you were looking at about 161000 next year we just completed this year would do but 181400.
Our fiscal -- may -- -- -- 181000.
New employees should give us a while in what areas specifically what we know we have an audit tax.
Part of our business about a third there and two thirds in the growth businesses the stand feels if you will.
Sort -- are these the kind of people that because we have this new immigration bill it's working its way through congress may or may not make it.
But it are are these the kind of people that you would like to be hiring from overseas circuit you can yard this does immigration play into your hiring.
Interest at all sure sure -- Because if you look at the stem fields in particular.
The unemployment for -- is under 3% that's basically full employment.
If you need to find some more people but I category the people that we treat United States -- we forced to go back basically wanted to competing against us so for businesses stand match.
And getting them into the workplace maps.
So what I wanted to follow up on this issue of -- which is great congratulations but do you feel confident.
And you have all the information that you're looking for from Washington because so many of the CEOs that -- speech on a regular basis here Fox Business tell us.
This lack of transparency this need for corporate tax reform overall fiscal policy in the national debt he -- issue upon issue.
Is cut Medicare our -- are obamacare and all the new health terra forma -- and to really -- in hiring and capex and all of these things that are just.
Not opening up for them.
Actually you're right about that goes all the concerns but for -- for us we look at things sort of in perspective relative to where we -- -- -- this is the new abnormal.
Lack of -- for -- -- -- guess lack of transparency -- you just come to accept that and you're gonna make these.
That's if you will hiring these workers spending -- and are you able to pay top dollar terms of wages because you know wage cuts has been flat for years now.
Not with us we will continue to -- -- to those people -- with the firm to deplete those that are on the -- -- we've had done that for better part of a hundred years.
But to -- point I didn't to -- point there is an extra cost now.
For a lot of employers out there particularly small service business -- restaurants and so -- because of Obama -- it cost more.
To hire people full time that's why a lot of these small businesses are putting full time workers and part time so they don't have to get into the whole rigmarole with obamacare are you seeing that.
Well not not in the biggest companies you have to put this down different sizes of companies right biggest influence can absorb the -- -- -- a real good at building productivity within their organizations obviously the small you -- the more regulation it is more difficult it is when you -- at -- -- so are you concerned that we may be squeezing the small guys out of business elephants.
He's a -- guys out of business for very entrepreneurial the United States the small guys figure out a way to do it but nothing was not an easy.
-- -- For sure and he isn't this environment doesn't make it any easier but -- -- greatly confident we'll be doing as a country -- pretty resilient.
He spoke with the president directly last winter right about immigration reform.
Immigration fiscal policy at a different site -- you OK but did you participate asked a direct question and what was it in what was the response -- -- test my memories about November.
-- that's we did the fiscal issues and it was pretty much the same we talking about here.
How -- we move forward how do we deal with -- continue resolution keep the government -- -- how we deal with the debt ceiling pared -- when they come due to how we deal with fiscal responsibility and transparency same questions thank -- -- Jose eight chip idea he says I'm does Joseph from the Bronx you've got -- -- -- -- see if you have the singer fights may be repetitive.
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