china. it s a korean fund, though. take a look. eric: we ll look at that. john, go ahead. well, youth unemployment rate in greece is 62%. that s how much the greek stock market is up in the last year. maritime mm, i own capital capitalistpig.com. eric: gutsy call. but you have been hot. you re both awesome. great to join us again this week. that s it for the cost of freedom block. before we go, riding aboard the luxurious air force one, $1860,000 per hour. secret service, tens of thousands of tax dollars per day, spending millions of dollars on eight-day martha vineyard extravaganza while millions can t find a job and record number of americans need food stamps to survive. priceless. leadership, priorities, commitment to the country, all things america expects from the commander-in-chief. think about that for a second. 2 have a great weekend, everyone. if you re on martha another
yield. i own it. i got it say you are hot with this and so ten seconds. i think it does eapproximately in the long-term. we ll so on the short term as well. you have been on four. that s it for the cost of freedom block. cashin in is all over the nsa snooping scandal. and now the wall street journal is pointing out it is not only the nsa, but apparently the fbi issousing web bugs to infilt trait our computer ands hear our phone conversations. i am all for safety and national security. my concern is peoplousing my privacy to theirens what ever they may be. you think i am being parinoid. ask the conservative groups were
you mentioned the big mac earlier, i think 17 cents more if they went up to $12 which is the living wage they are asking for. eric: so do we agree if you increase the wage to the hourly workers, the companies are going to pass it along capture? that is 17 cents. i don t think it s going to take much out of your wallet. anyway, i am so hear, they have concerns for the workers. how what about big corporations make them bankrupt. walmart, mcdonald s, sitting on huge profits reinvesting in the american worker. it s time the american worker.. what happens to those profits? i know people have a vision your profits are put into scrooge attic or swimming
a scrooge mcduck a ttic. they are reinvested in more stores and production. oh, yeah. are you kidding me? are you kidding me? they ship it overseas so they can avoid taxes. we don t have proof of that. wayne, i did a pencil on paper math. 4 million workers in the fast food and 30 hours a week. call it that. you are talking about increasing wages or payrolls by 45 or 55 billion a year, should we be doing this now? nof course not, eric. there is something more fundmental here. it is sploi and demand. 500 guys that want one job, obviously that job and cost of that job is going up. the 5,000 guys and they have a job and skill level.
the goods. they are going overseas and produce them in china rather than here. noticed american manufacturing is more attractive than ever to move back to the united states and quality of workers and all ease of distribution. we re missing the concept, too, when you raise prices and raise minimum wages you have to off set the cost. people are going to stop purchasing those goods. when you make goods more expensive to purchase at a store, people are going to make them at home instead. these minimum wage laws simply hurt the workers like juan wants to help. in a big picturout the age or skill level. it s about freedom. in a free country you can offer any wage you want and accept it. if a low skilled person whether he is 18 or 58 wants to work at $10 an hour..