To watch the segment I did recently on CNBC Squawk Box on this topic, please click on the following link: http://tinyurl.com/jq57f4n.
This past Friday, I had the opportunity to join CNBC Squawk Box anchors Joe Kernen, Becky Quick and Andrew Ross Sorkin as a guest host to discuss minimum wage increases, automation, presidential politics, and why a new administration is needed to turn the economy around. As I said during the show with regards to the increases, we need to look at the issue rationally—not politically and emotionally—in order to protect young working Americans. CNBC posted the excerpt that focuses on minimum wages increases which is available here: Need a ‘tiered minimum wage’: CEO.
To read an op-ed I wrote on this topic, please click on this link: http://tinyurl.com/zkjg8d5
Earlier this week, Forbes published an op-ed I wrote regarding the Labor Department’s issuance of its new overtime rule which will require employers to pay overtime to salaried managers who earn less than $47,500 per year (double the previous threshold of $23,660). In my op-ed, I explain how the new rule will force employers “to offset increased labor expense by cutting cots elsewhere,” resulting in “reduced opportunities, bonuses, benefits, perks and promotions” for the very employees this rule was intended to help. The op-ed is entitled: The Harsh Reality Of Regulating Overtime Pay.
You can watch the ceremony by clicking on the following link but you can go directly to my speech, which starts at the 1 hour mark and lasts about 17 minutes, by dragging the time bar once video appears on your browser: http://tinyurl.com/grf9af7.
This past Saturday, I had the honor and privilege of addressing the CSU Class of 2016 and sharing some advice that I hope will benefit the students who will help shape our future in the coming years and decades. During my speech, I specifically asked the students to: Dream big, never fear failure, and to listen to others with whom they disagree. Today’s world can be a challenging place for young people, so it’s up to those of us who now have gained experience with the passing of time to provide guidance and perspective to tomorrow’s leaders so they, too, can achieve their God-given potential and dreams.
To read a university press release about this, please click on this link: http://tinyurl.com/jsa7wys.
This coming Saturday, I will deliver the commencement address at CSU and, as an alum of CSU, I’m looking forward to spending some time on campus with a wonderful group of students who will help shape our future.
To watch the interview I did with Fox Business anchor Trish Regan on this topic, please click on this link: http://tinyurl.com/zybh9jz.
Yesterday, I joined Fox Business anchor Trish Regan and Obama’s former Council of Economic Advisers chairman, Austan Goolsbee, on The Intelligence Report with Trish Regan to discuss the impact of minimum wage increases on small business owners like our franchisees. Businesses will have to figure out the best way to deal with the high labor costs which will lead to price increases, more efficient labor management and automation. During the segment, I took the opportunity to reiterate the fact that drastic increases will unfortunately hurt low skilled workers who need entry-level jobs the most. Needless to say, Mr. Goolsbee and I disagreed. The segment is entitled: Regulations a challenge for small business.
To watch the interview I did with on this topic on “Squawk Box”, please click on this link: http://tinyurl.com/zaj6lul
This morning, I joined CNBC’s “Squawk Box” Co-Anchor Becky Quick to discuss the new $15 minimum wage law in California and what it will mean for businesses and entry-level workers alike. As I explained to her, jobs will disappear when minimum wage increases make the cost of hiring employees exceed productivity. I also told Quick that raising wages so drastically will price entry-level workers out of jobs and force businesses to automate. The segment is entitled: Waging war on wages: CEO.
On a related note, the Financial Times published on article yesterday entitled, Why robots are coming for US service jobs, which focused on automation and the service jobs it might replace. The writer quoted me as saying that “The fact of the matter is automation is coming. The question is how fast is it coming.”
To read an op-ed I wrote about this issue, please click on this link: http://tinyurl.com/z5absj2.
This past Sunday, the Orange County Register published an op-ed I wrote regarding California’s new $15 minimum wage law entitled, Minimum wage causing major loss. As I’ve done in other op-eds and media interviews, I explained how the higher wages will result in job losses for those workers who need entry-level jobs the most. I’m deeply concerned about the fact that many young people will not have the same opportunities to obtain the valuable skills they need to move up the economic ladder because these jobs will be gone. To illustrate the larger impact of the increase, this time around, I also discussed the impact the increase will have on public schools which will have to figure out ways to absorb the increases.
To watch the interview I did with Fox Business host Maria Bartiromo on this topic, please click on this link: http://tinyurl.com/za65ahr
Recently, I joined Fox Business host Maria Bartiromo on Mornings with Maria to talk about our latest ads and whether their edginess works; the general state of the economy and its impact on our sales; the $15 minimum wage increase in CA and what it means for businesses and entry-level workers; and CKE’s relocation to Nashville. The segment is entitled: Fast Food CEO: $15 minimum wage hike will hurt California.
To read the article, please click on this link: http://tinyurl.com/zttml7v
CNBC recently ran an article based on an interview I gave them entitled, 4 tips from burger titan Andy Puzder. In it, I covered some basics tips that have helped me over the past nearly 16 years. If you’re thinking about starting a business, I hope they help you as well.
To read an op-ed I wrote about this issue, please click on this link: http://tinyurl.com/gnn926u
Recently, the Wall Street Journal published an op-ed I wrote in which I discuss how government mandates like high minimum wages combined with consumer preferences have put restaurant automation on the menu: Why Restaurant Automation Is on the Menu. I believe it’s important for people to understand that entry-level jobs are at risk and that increased costs are driving a transition to more automation. If labor costs continue to go up, traditional full service restaurants may become a thing of the past as well as the entry-level positions that can lead to career opportunities.