The waters of hong kong, scientists are baffled. Well tell you why. Its described as an historic visit for historically difficult times. German chancellor Angela Merkel and the french president Francois Hollande are in strasburg to address the parliament. The first speech to the assembly since 1989 comes as the eu faces its toughest challenges. Lets take you live now. Why this joint address to the parliament . Well, as you said there, the first joint address in 26 years, the last time the french and german leaders came here to address the European Parliament, it was only a matter of weeks after the collapse of the berlin wall. Then the dialogue, rhetoric was all about expansion and unity, now president hollande and Angela Merkel face the issues that threaten the entire unity of the union itself. One of the most overriding issues is the refugee crisis that threatens to divide those pan european nations like france and germany in allowing more refugees, and Asylum Seekers to live and sta
In fact wealth does not trickle down it trickles up. It trickles from everyone else to those who are rich and he demonstrates when he says that it keeps happening as i said over time and over country. Does that sound about right . [speaking french] it was an issue of education and the production a reduction inequality between countries and it means everybody has access to the jobs and so institutions in the labor market and minimum wages are part of what you make a difference. Right now the real value of minimum wage at the federal level is the u. S. Is less than what it was in the 1960s which is quite peculiar given a country half a century later has the minimum wage. And to a large extent was invented in this country. It can make a difference all these different forces come education, the social institution can and sometimes in the past has been able to produce different outcomes again particularly in this country. Now going to your point about whether or not this is an actual and it
What about the big push to doubles of wage . We have Richard Benjamin it as well as our fox business all stars. I think i understand what is going on. The plush is to increase the minimum wage over three years. They know they will not get 15 but they sure as hell will not settle for the 7 now. So they will leverage to make people think count your lucky stars they would give us the 10 and cents. I dont think that is the only logic. They want a fair wage that many cannot support so. Not just a question of what to the page is but the disparity that is part of the conversation. 1,000 one the ceo making 1,000 times more. Neil but these are franchise operations theyre not making millions of dollars per year. They have businesses to run. What if their pay is egregious . What do they have to do due to double that wage . But it is the mcdonalds grant. But that operation. What will happen . They can. It is not just the franchise neil we dont pay more for burgers . The problem is what we discover
What about the big push to doubles of wage . We have Richard Benjamin it as well as our fox business all stars. I think i understand what is going on. The plush is to increase the minimum wage over three years. They know they will not get 15 but they sure as hell will not settle for the 7 now. So they will leverage to make people think count your lucky stars they would give us the 10 and cents. I dont think that is the only logic. They want a fair wage that many cannot support so. Not just a question of what to the page is but the disparity that is part of the conversation. 1,000 one the ceo making 1,000 times more. Neil but these are franchise operations theyre not making millions of dollars per year. They have businesses to run. What if their pay is egregious . What do they have to do due to double that wage . But it is the mcdonalds grant. But that operation. What will happen . They can. It is not just the franchise neil we dont pay more for burgers . The problem is what we discover
What to make of the big push to double the of wage . We have our senior fellow Richard Benjamin joining us as well as our fox business all stars. I think i understand. The push is increase the of minimumwage these guys want 15 they know they will not get it but they sure want to settle with the 7 now so they will get what they want to leverage to make bosses think county your lucky stars it is not 15 youll happily give us the 10. That is not the only logic. Say once a fair wage many cannot support their families. Neil it is double. Not just a question of flooded is but the ceo disparity that is part of the conversation. 1,000 one the best food ceos making to the lowest workers wages. Neil call them the franchise operations they dont make millions of dollars per year. So let say that pay is egregious to you as well. What will they have to you do is a double that wage . But it is the brent. Neil no. Were talking about the operation. They very much welcome an it is not just the franchise