Jobs. There are. We are hirin i am 16 getting paid more than my friends. Do ey exploit workers . Mark cuban says it is ridiculous. The minimumwage killed the first job. That is our show. Tonight. [applause] john this studio audience is filled with young people. In terms. They have become increasingly common about half of College Students do some type of internship to build a resume for about also four companies to try the workers out. For cheap. How many are paid real wages . How many is paid . Nobody . [laughter] arent you exploited . Nobody . [laughter] the Obama Labor Department says they are. Itit issued a sheet said free in turn ships internships has no immediate advantage. What . Then why would they 11 . Ssa it is better for the business the buness could be impeded. Ru kidding me . I had the the in turn like that. We parted company. [laughter] i have used them all of my career. Someday research. Summer journalist. But they say the Labor Department should punish those companies. Our next guest author of the big squeeze, and also steve didnt comment most cause problems . Experts say many internships cause problems the Labor Department has ruled. John they have never been enforced. And neither is the obama administration. Nobody raised their hand. That it has to be toto the sole benefit of the intern not the immediate benefit of the employer. Aside from dell law what is wrong . It is a winwin. In many ways. But some say it is great instead of taking on the young people. Johnit would day replace the paid work . A few weeks ago i interviewed workplace correspondence from eight coulda college in new york and got a job at the most famous fashion house. Nine a. M. Through 9 00 p. M. Not paid at all. Weekends, sometimes she got their lunch. John she can quit. That is true. That we believe companies should follow the rules. Then they should lobby the Labor Department to change the rule. John you help students find internships . Absolutely. We put them in organizations and i cannot say enough the advantage is paid or unpaid day have incredible opportunities what they want to do with their life. Networking. A young professional. John he says it hurts the paid workers. How is that possible . Maybe it is not what the full time employees would do. I recently interviewed a billionaire. Mark cuban ays he cannot believe he cannot give unpaid work to College Students. I get about 20 emails per day it is my dream job to intern with the dallas mavericks. I will pay you. I went to humanresources. I have projects. He said you cannot do a. It is ridiculous. John they may have invented something. If he had a few extra of money to pay them they cummins still be a creative. John that kids want to work for the experience. But unturned unpaid favor those with connections. This audience looks prosperous. [laughter] if your family makes 500,000 per year maybe day work unpaid internships and pay their rent. There are students whose parents are willing to support them with the unpaid internship. But people like me put themselves through colleg and put money away. And put the savings into the opportunity to dthe unpaid internship. To say those students have support now we dont allow the opportunity at all . That robs young people of the opportunity to follow their dreams. John my interns said i look learn more fro you and college. How many of you learned more internships than college . [laughter] that does not say much for college said it is a great deal. I am not Steven Greenhouse they could be educational. We are a lawabiding society. In the official Labor Department rules, if in turns are engaged with productive work, filing work, filing, clerical work work, assisting ustomers customers, they may be receiving benefits does not exclude them from being paid john i dont know about that law. I right of contract . The New York Times loves more freedom. Freedom of speech. Big believers in. John not freedom of contract in the workplace . The Supreme Court and the United States set forth e rules. Until they are changed, that is what we are supposed to follow. John we are all lawbreakers. Think hugh Hannah Jackman and Steven Greenhouse. Kids in high school have highpaying first jobs . Here is bill oreilly. My first job working at the car felt ice cam stand. It taught me to show up on time. Time. Can i help you . I heard you guys can ship ground for less than the ups store. Thats right. Ive learned the only way to get a holiday deal is to camp out. You know weve been open all night. Is this a trick to get my spot . [ male announcer ] break from the holiday stress. Save on ground shipping at fedex office. [ engine revs ] [ male announcer ] the mercedesbenz winter event is back, with the perfect vehicle thats just right for you, no matter which list youre on. [ santa ] ho, ho, ho, ho [ male announcer ] lease a 2013 c250 for 349 a month at your local mercedesbenz dealer. John [applause] today there are no jobs. I hear that. One website found almost 5 million. In june rose another 200,000. Whats going on . America has high unemployment that to her companys struggling . Sandra smith looked into that. We went to allentown pennsylvania to a Company Called air products. They have over 600 job openings. Is not unreasonable to say jobs are out there and felt. Many you dont have to have a college education. Most of them as you do not. Most just had a highschool degree. We hear there is no jobs in america. In that building highpaying jobs sit and they cant up to one year. We are actively recruiting every day. Starting at 20 per hour. John most graduates to not have the skills. Officials love to push higher education. But there is another path. Vocational schools. They get jobs. I am paid more than my friends. I just bought a car with the money i made. John they learned Technical Skills in high school. You add many job offers . You did not go to college . My brother got out with a masters and is having trouble in his field. John he cannot find a job. It brings us mild two may face. They are proud. A smile to my face. John but this is not to cool . It is not glamorous. Obama once money for liberal Colleges Even he wants to cut support seven enticing it this coup lourdes to have a job. I wholeheartedly agree there is a major push from washington to go to college. Take out Student Loans. The ceo of the company of air products he came out of Vocational School and has sen to the top and he d attend college later. He makes over 10 million per year. John and the department of labor critics job openings 14 percent job growth. Electricians 23 . Plumbers and pipefitters. Heating and airconditioning. 34 . They are unfilled and many positions open over one year. Most americans think it is said good idea to raise minimum wage. I say it kills jobs. Credit and susteren talks about her jobs. My first job was thought to a delicatessen. Kids have a lemonade stand. I would buy stuff and sell it for more. My first one is as a janitor with an engineering janitor with an engineering firm. Look, if you have copd like me, you know it can be hard to breathe, and how that feels. Copd includes chronic bronchitis and emphysema. Spiriva helps control my copd symptoms by keepi my airways open for 24 hours. Plus, it reduces copd flareups. Spiriva is the only oncedaily inhaled copd maintenance treatment that does both. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd spiriva helps me breathe better. blowing sou ask your doctor about spiriva. You know, one job or the other. The moment i could access the retirement plan, i just became firm about it you know, its like it just hits you fast. You know, you start thinking about whats really important here. And waiting in line. I dont have to leave my desk anget up and go to the post office anymore. [ male announcer ] with stamps. Com, you can print real u. S. Postage for all your letters and packages. It gives you the exact amount of postage you need the instant you need it. Can you print only stamps . No. First class. Priority mail. Certified. International. And the mailman picks it up. I dont leave the shop anymore. [ male announcer ] get a 4week trial plus 100 in extras including postage and a digital scale. Go to stamps. Com tv and never go to the post office again. I can tell you that childhood is a magical time. But for children with diabetes, life is not quite so carefree. The Barbara Davis center for childhood diabetes is fighting hard to find a cure. Know the signs irritability, excessive urination, weight loss. If you have any of these signs, please call your doctor. Early detection can save your life. Give to save lives and reach for the cure. Call now or log on to childrensdiabetesfoundation. Org. John incongruous raise minimum waggs 70 0. 25 per hour per pronouns they want to raise its 10 per hour. It is logical to think that gives every worker more to spend. That is good for the economy. No surprise 2 3 support the 10 minimum wage. One sponsor is from minnesota, representative ellison. The employer will pay the least they can because they can get away with it. They are paid 0. 3. Only the zero law prevents those greedy employers how come most are paid moore . Asked merv crist who owns a restaurant called the prime cut. You pay most workers above minimum wage . Half of them. John you dont have to. They have skills if i dont, they will be paid more. John you have to because of competition and . Absolutely. John the free market . A lot of employees start at minimum wage and work up . Absolutely. Those that dont have the knowledge need it. The informations is the wealth. John you create jobs. 28 employees. Top earn 18 per hour. The average hourly peat wage is 16. 57. The market sets it. What is wrong with the law for a bottom . It takes people who dont have experience and cuts them out. You do not want to the employee whooes not want anything. A lot of kids work and a delicatessen. I have to teach them how to clean a toilet. John california is at 8 per hour. The inexperienced worker does not get hired. John you dont hire them . No way look for somebody who has experience. I work harder. [laughter] but they say you have to pay them this much . It is pandering. It takes away my ability to run the busine. If you have a bad Business Model to pay 1 more. I have grown from three employees up at 28. John theyre used to be the asher. No more. Nobody washes the windshield because of minimumwage. Bsolutely. When i was a kid a man would take you to your chair. He was retired and loved movies. John it is against the law. I worked foodservice for my first job. 2. 25 per hour. Better than no job. My mother and father say you were. You say how far. John also construction sites . That is gone. Proposition 13 they do not know how to weld. John it is illegal for the kid to come on if he is good . Three . [laughter] yes. John the public support this minimumwage. 2 3 specializes with economics say that it does kill jobs. More of the public should be the employer to understand providing jobs. 8 per hour after taxes you have to pay 14. You push inflation. John and yourself negative. [laughter] you should share. I keep my business running and make sure i can pay people. Show up on time. If your shoes are not tied. I do not want to talk to you john other stories coming up next about first jobs. [applause] short order cook. I became an aerobics instructor. Copd makes it hard to breathe, but with advair, im breathing better. So now i can be in the scene. Advair is clinically proven to help significantly improve lung function. Unlike most copd medications, advair contains both an antiinflammatory and a longacting bronchodilator working together to help improve your lung function all day. Advair wont replace fastacting inhalers for sudden symptoms and should not be used more than twice a day. People with copd taking advair may have a higher chance of pneumonia. Advair may increase your risk of osteoporosis and some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking advair. If youre still having difficulty breathing, ask your doctor if including advair could help improve your lung function. Get your first full prescription free and save on refills at advaircopd. Com. Fare thee well farewell mr. Gloom be on your way though you havent any mone you can still be bright and sunny sing polly wolly doodle all the day hah [applause] what was your first job . I was struck how many delivered newspapers. Delivery boys. Newspapers. Delivering papers. John allot of people said restaurant. Clean up the parking lot. Washing dishes. Working in the bakery scraping the floors. Child labor. I did not get paid witmy dad. Working at my familys restaurant starting eight years old that promoted to hostess, waitress, i would work shift after shift and i would get to so angry. John some say how hard they had to persist. They would pay me to swp the sidewalk. John some persisted even without good money. Moet once 1. 15 per hour. My first job back room of a dairy and wisconsin i had to get the clients into the paper rolls from the cash register. Eight hours per day stuffing coins for the bank. Working School Nights until 2 00 a. M. My mom would pick me up. She was raising five kids. The third night she said you need to find another job. I had to go to every pane of glass that had paint left on it. It was tough. The registered also security guard. That was tough. John today sometimes they laugh. Garbage man. If youd jump off, they had the metal cans. John it taught bayou will lessen. Most certainly changed my life. I decided i never wanted to be a professional to do that. I always wanted to be a lawyer. I would be in trouble so i became a lawyer. John only colleagues barely found experience what they wanted to me. Won a contest. What sums with you play on the radio . I cannot believe they gave me a key and let me go on the air. Disk jockey, sports, it was terrific. John only one other person like their job. I was 16 working summers as assailing instructor at a day camp. There are people when you do the job for nothing, when they pay you, dont object. No dishwashing machine. Pots, pans, scrubbing. My worst job washing dishes in the industrial kitchen and the hospital. Dishwasher was sold bay you would walk into it. I was never so what and hot in my life. If you work hard you could accumulate things it teaches value and dignity of work. You have to keep showing up. Be punctual. I could do better than minimumwage. I bought my own lawn more and i charged 8 in one hour and had a more lucrative business working for myself. I needed to make money. A lesson i learned early i was not entitled to anything. The beginning of my life as a capitalist. I learned making money. John his first job was a double decker bus. How to deal with drunks. The general public. I got a lot of that. Punctuality. You may not be the eighth. Onof the toughest jobs. Im glad i have it. I worked as a page in the library. I was supposed to put the books away. I would restocked them in 20 minutes. At the Municipal Library said you are done . This is great. They said you were supposed to take two hours. Go away. I learned i do not want to work in the public sector. Even the work ethic teaches hard work. I had Restaurant Business experience, and then Construction Company then radio and tv. I have been very blessed. 13 years old youre not supposed to drive at 13. At the time they gave me my start. John [ female announcer ] the next generation of investing technology is now within your grasp with the etrade 360 investing dashboard. Etrade 360 is the worlds first investing homepage that shows you where all your investments are and what theyre doing with free streaming quotes, news, analysis and even your trade ticket. Everything exact the way you want it, all on one page. Transform your investing with the etrade 360 investing shboard. [applause] we are back with your questions 49 who says interns are abused. Hannah jackman and merv crist. First, facebook. And the legal job is a contract as long as theyre not forced and the contract is not a breach what right goods government have . And she makes sense also minimumwage. S said some experts break the law by not paying one do countries enact minimum wage laws . John politicians are down. Maybe they are smart. The a governm goes back many years decided we have to set a floor because when unemployment is high. You may debate the floor. John why not 100 . And. All governments enact minimumwage that some are forced to say i will work 2 per hour. It is the imbalance. People will rely on themselves not taxpayers so people can live a decent life. Is a learning lovell wage, an entrylevel. Kids are going to highschool. Living at home. No living wage. Show up on time. John now is illegal. You seeing academic credit is a fair substitute . John there is bureaucratic demand to ge credit . Absolutely. If you say and exchange you offer academic critic that is fine. In exchange i will not be paid over a small amount that is fine. John no money or no credit . It is fair. Once you make a demand for credit they may say i dont want the hassle. John abc always were in june with democratic thinking. They decided we will pay everybody 10 per hour. That is great for those who got the job. But they cut them in have. Exactly. I would rather see the opera opportunities negative not at all. That is the unintended consequence. Steven greenhouse, you mentioned wealthier students can take advantage of unpaid internships. What about those students whose still save money to take a vantage . Is great if they can. Who pays their rent in manhattan . I worked for several summers. That is great. Earlier talking about they dont realize Vocational School opportunity. You would think with the deterioration of the economy people will go there more or continue to go to college to pay off Student Loans . Amex some who would go for bachelors degree maybe instead of philosophy it will be in nursing. Said of biology and maybe an engineer. Those with a college to agree earned 300,000 more over their lifetime. Is a good idea to get to a college degree. Unemployment will drop eventually and the payoff eventually and the payoff will be bigger. I always wait until the last minute. Can i still ship a gift in time r christmas . Yeah, sure you can. Great. Wheres your gift . Uh. Whew. [ male announcer ] break from the holiday stress. Ship Fedex Express by december 22nd for christmas delivery. John my first job on the assembly line. Sticking plastic and pieces of metal together. For mayor 10 photocopy. I was not smiling. I hated the job. Hot and boring but i got good grades for other traces. Four years later a researcher at the tv station. I had to cover a fire. That became a career. I never planned to be a tv reporter or took a journalism course. The interns do the right thing. Figure out what you are good at. Keep showing up and apply. Apply again. Job seeker resume companies arorganized. People dropoff resume is and wait. That is not how it works. They dont want to spend any money and all right now. It is tedious to go on file. They remember that interns or the kid who shows up repeated the. The persistence gets hired. I went and once a week and a bug to them every time for afterschool help. They finally hired her. Is no fun. It is work. I was told recently there are no jobs outside the welfare office. No jobs. John really . Within a few blocks they found a lot of businesses that want to hire. We need to three people. Of the 79 businesses we found 40 said they are hiring and the owner of this restaurant said hed needs 12 or 14 people. It is hard to get good help. I a toll jobseekers one waited until monday. And dropped off the resume. But he has not been offered a job. The next one showed up on saturday morning and it he is here. I showed up. John and he hired you in the kitchen. Minimumwage. Then you made more . I became a waiter some make 150 per night . That is correct. John you one to graduate school but what are you learning . Great experience. I meet successful people every day that give free advice. I love go weighing every day. It is a stepping stone. Just from showing up at asking. You do not know what you like. Show up. Try. Try other stuff. Become an intern. How many ofyou think your internship will lead to a career . The same field . It is a wonderful experience. Your government wants to make them illegal. They are great. Vocational skill at Vocational Schools. Lowwage jobs are great. Government needs to get at of our way. To allow those things to happen. [applause] a w show next week. [ male announcer ] they are a glowing example of what it means to be the best. And at this speal time of year, they shine even brighter. Come to the winter event and get the mercedesbenz youve always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho [ male announcer lease a 2013 glk350 for 399 a month at your local mercedesbenz dealer. You have to dig a little. Fidelitys etf market tracker shows you the big picture on how different Asset Classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. Im stephen hett of fidelity investments. The etf market tracker is one more innovative reason serious investors are choosing fidelity. Get 200 free trades today and explore your next investing idea. I took my son fishing every year. We had a great spot, not easy to find, but worth it. But with copd making it hard to breathe, i thought those days might be over. So my doctor prescribed symbicort. It helps significantly improve my lung function starting within five minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. With symbicort, today im breathing better. And that means. Fish on symbicort is for copd including chronic bnchitis and emphysema. It should not be taken more than twice a day. Symbirt may incrase your risk of lung infections, osteoporosis, d some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. With copd, i thought id miss our family tradition. Now symbicort significantly improves my lung function, starting within 5 minutes. And that makes a difference in my breathing. Today, were ready for whatever swims our way. Ask your doctor about symbicort. I got my first prescription free. Or click to learn more. [ male announcer ] if you cant afford your medication, astrazeneca may be able to help