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Well we told you about Detroit trying to pull a fast one on -- tax -- will now too fast food workers demanding a bigger paycheck.
Fast food workers in major cities on strike to protest mineral wages and with the help convenience.
Demanding fifteen dollars an hour to flip.
Burgers more than double the federal minimum wage here to weigh in mark Calabria director of financial regulation studies at the Cato Institute mark welcome.
Good to see you again you know I was looking -- the cities where they're protesting.
New York to -- Chicago.
Really think cities that let me tell you if we helped everybody who couldn't afford where they were living.
Who had salaries that weren't up to snuff let me tell -- everybody would be getting some kind of benefit here.
-- in the.
That's absolutely case and of course the biggest driver -- that is housing costs and you know accuses outrageously expensive to live in some place like San Francisco New York you know I was -- interested -- half of minimal wage workers are actually in the south.
Many of which live in fairly affordable areas.
It's highly unusual work faster to be paid minimum wage in New York they usually -- above minimal wage.
But again you know it's really the cost of living in those cities that's the problem not the wages.
I -- well you know only two thirds of workers at these workers are part time.
And I was looking at some -- killed numbers here and it's fascinating four point 7% of all hourly workers are paid minimum wage -- 5%.
Of hourly workers that's not all workers are paid minimum wage really talking about a small proportion of workers.
Who is this minimum wage which is now at 725 who is this for anyway.
-- that's a good thing to keep in mind about half.
The minimum wage workers are 125 as you mentioned about two thirds of them apart tied you know only 3% of workers are over the age of 25 or minimal wage workers.
You know a third of them don't have a high school degree you know very small -- like less than 10% have college degrees you know -- -- question here's particular area you get stay in high school.
Get a college degree work full time and you generally not gonna make the minimal wage.
It's all getting all -- at my first job was working at a Burger King flipping burgers.
I'd never expected that to be my career ready go into it thinking it was going to be in my career.
And it really was an opportunity to try to earn some side money to learns a valuable job skills.
You don't and then move on so I think the thought that we want to encourage people to spend their thirties and forties right -- -- year career flipping burgers is that.
Really what we want is a society -- and -- and then let's you know face it the burgers are going to be more expensive to here's here's the way you battle as it shapes up.
So the fast food workers want fifteen bucks an hour the federal minimum wage is 725 and it's different all over the country look at Illinois for example.
-- 25 an hour Michigan 740.
I you mentioned that this isn't meant to be a wage that you support a family on the -- entry level wage.
And we had this debate probably wants -- -- two years in this country about minimum wage should be increased.
What would happen to the economy.
If the minimum wage was double effectively to fifteen bucks an hour.
I think you'd still a lot.
Less people employed -- mean we've seen since 2010 the the number of people working -- their wages actually followed by over 800000.
So as we raised the minimum wage -- last couple years guess what we have less people working at minimum wage.
So certainly I think we all except that if you made a minimum wage of fifty dollars or -- hundred -- you have nobody working in that area so.
Again there's fairly significant unemployment affects you basically taking the bottom lungs out of the job -- -- really make it difficult for people to get a foot in the job market.
Get a -- -- all I'll say is -- -- you know I'm curious to know how many of these protesters are actually restaurant workers and not the sort of after -- protesters where they hire homeless people for sub minimum wage to go out and protest.
While that would be -- but but you make a good point here.
Because it's the unions that are behind this they've organized these strikes all over the countries they're the ones who apparently are hoping to unionize I guess these folks what are there -- office.
That is the ultimate objective mean where we've seen the decline in union you don't ever -- economy except government.
In the target for a number of years really has been the service sector.
And that's -- you know because there's so much turn over a middle way -- been workers.
-- -- wage workers in his service level workers and so the strategy here is if you can get like a fifteen dollar minimum wage.
You're actually gonna reduce the turn over in that industry and it makes it far easier to unionize you simply can't organize people who -- -- -- -- there for a long time.
So this is all about trying to rebuild the union ranks.
Well thanks mark for coming -- interesting story.
Fifteen bucks an hour to flip a burger where -- -- thank you theft.
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