You can watch the interview I did with Fox Business Risk & Reward guest host Jo Ling Lent on this topic by clicking on this link: http://tinyurl.com/zxbctrk.
On Fox Business Risk & Reward guest host Jo Ling Lent and I talked about Donald Trump’s poll numbers, his lead and recent comments that he made about wanting Apple to manufacture its products exclusively in the U.S. If businesses are properly incentivized, they may well choose to keep jobs in the U.S. However, this isn’t something a President could compel. Currently, companies are forced to go elsewhere because overregulation and an outdated tax code make it harder for them to thrive here at home. When making such comments, Mr. Trump is appealing to blue collar voters who feel that our government is coming at them in two ways. First, by allowing good paying jobs to go overseas, particularly to China. Second, by failing to prevent people who are here illegally from taking the jobs that are still here. Any candidate who wants to garner support from these blue collar voters is going to have to address their economic concerns in a way that shows genuine empathy. These voters don’t want to hear about GDP or labor participation. They want to hear about jobs for themselves and their children. On another topic, we talked about the new $4 Real Deal available at Carl’s Jr. and Hardee’s. I think it’s the best deal out there. To watch the segment, click on this link: CKE Restaurants CEO on the 2016 presidential race, new $4 menu.
To watch an interview I did with Fox Business host Connell McShane ahead of the latest GOP debates, please click on this link: http://tinyurl.com/h3apcs6
Earlier today, Fox Business host Connell McShane interviewed me during Cavuto: Coast-to-Coast about which presidential hopeful I’m the most likely to support. In a segment entitled, CKE Restaurants CEO: Anyone who can defeat Hillary Clinton is fine with me, I told him there’s a very good cast of candidates and that I like a number of them. I told McShane that it’s very important that we elect someone this time around with conservative economic values and an ability to get a handle on the international situation. Ultimately, whoever can win in November, is the person who will get my support. There is no more room for error. We have to get it right this time.
To watch an in-depth interview I did with Bloomberg host Betty Liu on this critical topic, please click on this link: http://tinyurl.com/j4ebz5u
This morning, I did an interview with Bloomberg host Betty Liu during Bloomberg Markets about the recent Wall Street Journal op-ed I wrote to explain the impact on Walmart’s bottom line of its voluntary base wage increases. During the segment entitled, Making the Case Against a Minimum Wage Hike, we had a very robust discussion about minimum wage increases and how they can ultimately lead to job losses and more automation.
The reality is that more businesses are relying on ordering kiosks, scanners, and apps to mitigate the impact of higher labor costs—someday, maybe even food-cooking robots. With the number of people working or looking for work at lows last seen during the Carter Administration, we shouldn’t use the force of law to make working-class Americans artificially expensive to employ. There’s a better way to help people get ahead: Build a healthy economy that will lead to the creation of jobs at all income levels. You can only do that, of course, if you have the right person in the nation’s corner office.
To watch an interview I did with Fox Business host Trish Regan on this topic, please click on this link: http://tinyurl.com/jf6jfk7
Yesterday, I had the pleasure of joining Fox Business host Trish Regan on The Intelligence Report to talk about the minimum wage increases that will hit 14 states this year. In a segment entitled, Can retailers handle higher minimum wage?, Trish referred to a recent Wall Street Journal op-ed that I wrote to explain the impact on Walmart’s bottom line of its voluntary base wage increase to $9 an hour. As I explain in the op-ed, the low profit per employee at retail companies makes it hard to absorb large wage increases through price increases, automation or more efficient labor scheduling. In other words, if businesses are unable to mitigate dramatic minimum wage increases, this ultimately means fewer entry-level opportunities for those who need them the most. That’s hardly a ringing endorsement for more dramatic increases unless, of course, the point is to kill entry-level jobs.
To watch an interview I did with Fox Business host Stuart Varney on this topic, please click on this link: http://tinyurl.com/jbk8q5c.
Earlier today, I joined Fox Business host Stuart Varney on Varney & Co. to discuss the potential impact on the economy and the markets of a hypothetical match-up between Hillary Clinton and Donald Trump should both win their respective nominations.
In a segment entitled, Economic impact of a Hillary Clinton election win, I told Stuart that it’s hard to predict what will happen if Trump wins because we don’t know have specifics on his economic policies. And, while Trump may sound good on the campaign trail, his previous political affiliation as well as his 14% wealth tax proposal leave some room for concern. With regards to Hillary, there’s no compelling evidence to show that she’ll turn her back on the disastrous policies of this Administration. For example, her position on increasing the minimum wage to $12 an hour shows that she does not get how minimum wage increases hurt businesses and lead to job losses. Hillary’s economic policies are completely misguided; they’re exactly the wrong way to go. We need a real economic recovery, not more of the same progressive policies with a seven-year track record of failure.
To read an op-ed I wrote about this topic, please click on this link: http://tinyurl.com/obrl684.
Minimum wage proponents would like to have the public believe that companies can raise entry-level wages in an easy and painless way. As the push to increase the minimum wage continues to dominate headlines and public pressure has driven companies like Wal-Mart to raise its base wage, contrary evidence is emerging. That’s why I wrote an op-ed that ran in today’s Wall Street Journal entitled, Wages With Minimal Wiggle Room, in which I discuss why Wal-Mart’s strategy is resulting in its bottom-line taking a big financial hit leading to reduced earnings per share and a 10% decline in its stock price.
As I explain in the op-ed, the low profit per employee at retail companies make it hard to absorb large wage increases through price increases, automation or more efficient labor scheduling. As a result, dramatic minimum wage increases will result in fewer job opportunities that could leave millions with no wage at all. With the lowest percentage of people working or looking for work since the Carter Administration, is it really time to adopt yet another job killing policy?
To watch the video question I asked about the economy and creating jobs for young Americans, please click on http://tinyurl.com/omn44ow.
At a recent Freedom Works event in Iowa, during which five GOP presidential candidates gathered to discuss a pro-growth and limited government agenda, I had the opportunity to ask a question that focused on the economy and creating jobs for our youth: How would your administration address the problem of creating entry-level jobs so that these young people can get on that ladder of opportunity, heading towards careers, when business are being discouraged from hiring by things like Obamacare, increases in the minimum wage, and other regulatory burdens that increase the cost of employment? How would your administration encourage businesses to hire those young people?
Dr. Ben Carson answered the question and did a great job talking about the value of entry-level jobs in his own career. I believe all candidates should have ready answers and a solid plan to create a healthy economy that will allow our youth and anyone who wants to work to do so. People who want to work, should not have to go without a job. In 2016, we need to elect someone who understands that America’s business leaders and entrepreneurs can create both entry level jobs and careers if government will work with them rather than against them.
To listen to a recent radio interview I did on the importance of free speech in colleges, please click on this link: http://tinyurl.com/hlht3ug
Following the posting of my recent Real Clear Politics op-ed on the importance of free speech, which I discuss in the previous post, KMOX Host Mark Reardon and I did an interview on the topic. Please listen and share with anyone who cares about preserving a free society.
To read the Real Clear Politics op-ed I wrote on the topic, please click on this link: http://tinyurl.com/p99lrzo
Against the backdrop of social unrest related to free speech in college campuses across our nation, I wrote an op-ed entitled, The Importance of Free Speech on Campus, which Real Clear Politics posted on their website yesterday. I wrote the op-ed because I think it’s important for students and those in academia to understand the danger that silencing free speech in campuses represents to the values and freedoms of a free society. We are not at our strongest when we censure views that are different than ours just because we might find them offensive. As I write in the op-ed, rather than labeling dissenting views as hate speech or trigger warnings, colleges would better serve their students by emphasizing that a free society can only remain free if there is genuine respect for open thought and free expression.
To read a Wall Street Journal op-ed I wrote on the topic, please click on this link: http://tinyurl.com/padmn53.
At a time when ObamaCare continues to face criticism and Congressional Republicans are working to repeal it, I took the opportunity to write an op-ed entitled, The ObamaCare-Immigration Collision, which ran in the Wall Street Journal this past week. In it, I discuss how the ill-conceived law will pit U.S. workers against immigrants. How, you ask?
President Obama’s executive action to stop the deportation of five million undocumented immigrants and give them “work authorizations” will put U.S. citizens at a competitive disadvantage—something Obama said would not happen during a televised speech—since employers aren’t required to offer ObamaCare coverage or subsidies to these immigrants, making American citizens more expensive to hire or retain.
As an alternative to a law that was rammed thru Congress with little thought given to its impact on consumers and businesses alike, we need to look closely at market-based plans that have been proposed by GOP presidential hopefuls Jeb Bush and Marco Rubio. We can’t afford the status quo.