Date
Summary
James Fishback Appears on ‘The Big Money Show’ To Discuss Calif. Minimum Wage Backfiring
Source
Fox Business Network

Name: Fox Business Network

URL: http://www.foxbusiness.com/index.html

Show
The Big Money Show

Name: The Big Money Show

URL: https://www.foxbusiness.com/shows/the-big-money-show

Persons
James Fishback

Name: James Fishback

Employment: Azoria Partners

Position: CEO

Event
Event location
Link
Original recording
Uploaded
07/22/2025 12:54 pm
Owner
Type
Video
Format
MP4 (1280x720) Use clipper to adjust file type
Duration
0:06:59
Views
0
Purchases
0
Social views
0
Transcript
RUSH TRANSCRIPT Jackie California ░░░░░░░░ a 20 minimum wage ░░░░░░░░ fast food workers in ░░░░░░░░ of 2024 A little ░░░░░░░░ a year later it ░░░░░░░░ estimated the state has ░░░░░░░░ 18 000 jobs The ░░░░░░░░ opposite of the employment ░░░░░░░░ across the rest of ░░░░░░░░ country I said this ░░░░░░░░ Covid when they were ░░░░░░░░ 15 minimum wage and ░░░░░░░░ Covid when wages did ░░░░░░░░ up because we saw ░░░░░░░░ massive inflation the price ░░░░░░░░ your big mac meal ░░░░░░░░ an average person can ░░░░░░░░ for lunches 15 but ░░░░░░░░ are making 15 an ░░░░░░░░ you defeat the purpose ░░░░░░░░ the higher wage California ░░░░░░░░ this to the next ░░░░░░░░ to the point where ░░░░░░░░ had to lay people ░░░░░░░░ Lou we knew what ░░░░░░░░ going to happen but ░░░░░░░░ went forward with it ░░░░░░░░ is a math problem ░░░░░░░░ can be easily solved ░░░░░░░░ you put into place ░░░░░░░░ really bad policy Beyond ░░░░░░░░ to lay people off ░░░░░░░░ fleece states that require ░░░░░░░░ minimum wage We need ░░░░░░░░ it is the minimum ░░░░░░░░ not supposed to be ░░░░░░░░ living wage we need ░░░░░░░░ provide a pathway training ░░░░░░░░ to get people from ░░░░░░░░ jobs to the next ░░░░░░░░ higher wages not force ░░░░░░░░ bottom up and force ░░░░░░░░ to bear the brunt ░░░░░░░░ they can t Taylor ░░░░░░░░ want you to stay ░░░░░░░░ California Weather to north ░░░░░░░░ Gerri you see so ░░░░░░░░ business move south to ░░░░░░░░ Florida take off North ░░░░░░░░ South Carolina Georgia these ░░░░░░░░ have lower costs of ░░░░░░░░ and are popular with ░░░░░░░░ and there s a ░░░░░░░░ for it I see ░░░░░░░░ trend continuing and not ░░░░░░░░ away Brian the minimum ░░░░░░░░ crowd has this weird ░░░░░░░░ of always wanting to ░░░░░░░░ the stick of the ░░░░░░░░ wage to bring people ░░░░░░░░ pay up and they ░░░░░░░░ seem to be the ░░░░░░░░ cognizant people that there ░░░░░░░░ other ways to get ░░░░░░░░ work done if you ░░░░░░░░ a business into a ░░░░░░░░ It is like you ░░░░░░░░ about AI every day ░░░░░░░░ about technology every day ░░░░░░░░ refused to accept that ░░░░░░░░ you price out business ░░░░░░░░ will higher technology That ░░░░░░░░ what happens Some of ░░░░░░░░ there may be restaurant ░░░░░░░░ in California but they ░░░░░░░░ see this everywhere kiosks ░░░░░░░░ you ve done you ░░░░░░░░ raise the minimum wage ░░░░░░░░ put people out of ░░░░░░░░ or you can support ░░░░░░░░ policies and give businesses ░░░░░░░░ incentive that is sustainable ░░░░░░░░ hire new workers and ░░░░░░░░ them up but the ░░░░░░░░ loves coercion more than ░░░░░░░░ love the outcome they ░░░░░░░░ seeking which is a ░░░░░░░░ life Jackie you still ░░░░░░░░ a human to fix ░░░░░░░░ kiosks but there s ░░░░░░░░ one human and 50 ░░░░░░░░ and self checkout you ░░░░░░░░ need a human being ░░░░░░░░ and this brings us ░░░░░░░░ to the issue AI ░░░░░░░░ Charles Payne what you ░░░░░░░░ do how much more ░░░░░░░░ how it can get ░░░░░░░░ of jobs and save ░░░░░░░░ money but at the ░░░░░░░░ time you cannot replace ░░░░░░░░ Even in the most ░░░░░░░░ ways Lou imagine a ░░░░░░░░ who says pay me ░░░░░░░░ or I will pass ░░░░░░░░ lie instead of saying ░░░░░░░░ want to work harder ░░░░░░░░ want to learn more ░░░░░░░░ want to elevate my ░░░░░░░░ and pay me more ░░░░░░░░ a result the truth ░░░░░░░░ the average wage in ░░░░░░░░ is 32 an hour ░░░░░░░░ folks earning money 32 ░░░░░░░░ hour because they started ░░░░░░░░ as we all do ░░░░░░░░ up in a fast ░░░░░░░░ job for a couple ░░░░░░░░ learn those skills and ░░░░░░░░ on Jackie not sure ░░░░░░░░ Kamala did or didn ░░░░░░░░ Lou McDonald s one ░░░░░░░░ know Brian of the ░░░░░░░░ not working I agree ░░░░░░░░ you but the bigger ░░░░░░░░ for Democrats is the ░░░░░░░░ doer they work really ░░░░░░░░ and not just kiosks ░░░░░░░░ in an Amazon warehouse ░░░░░░░░ is there are people ░░░░░░░░ to complain the technologies ░░░░░░░░ putting humans out of ░░░░░░░░ but there s nobody ░░░░░░░░ is better at putting ░░░░░░░░ out of work then ░░░░░░░░ in government Lou in ░░░░░░░░ Korea every restaurant had ░░░░░░░░ they were replacing workers ░░░░░░░░ decade ago this is ░░░░░░░░ willful decision in the ░░░░░░░░ States to keep employing ░░░░░░░░ over technology it s ░░░░░░░░ technology s fault If ░░░░░░░░ lose your job it ░░░░░░░░ not to AI but ░░░░░░░░ don t know how ░░░░░░░░ use AI Is our ░░░░░░░░ to teach the tools ░░░░░░░░ technology When I walk ░░░░░░░░ a McDonald s or ░░░░░░░░ s or Walmart I ░░░░░░░░ about my mom who ░░░░░░░░ me and my sister ░░░░░░░░ she was a cashier ░░░░░░░░ my dad she wouldn ░░░░░░░░ have had that job ░░░░░░░░ wouldn t have been ░░░░░░░░ to support us as ░░░░░░░░ family so that the ░░░░░░░░ folks have to make ░░░░░░░░ the free market is ░░░░░░░░ to make the decision ░░░░░░░░ its own volition Soviet ░░░░░░░░ Zohran Mamdani needs to ░░░░░░░░ its paws off the ░░░░░░░░ for businesses to make ░░░░░░░░ Jackie under Joe Biden ░░░░░░░░ inflation spiked over 9 ░░░░░░░░ wages actually went down ░░░░░░░░ though minimum wage came ░░░░░░░░ and most people were ░░░░░░░░ making more cost of ░░░░░░░░ had gotten so expensive ░░░░░░░░ they were losing money ░░░░░░░░ if I had my ░░░░░░░░ I would have left ░░░░░░░░ the way it was ░░░░░░░░ we are giving Democrats ░░░░░░░░ lot of grief for ░░░░░░░░ but the latest data ░░░░░░░░ of increase in the ░░░░░░░░ minimum wage is a ░░░░░░░░ Josh hourly I am ░░░░░░░░ dagen here but there ░░░░░░░░ a strain of economic ░░░░░░░░ that runs from both ░░░░░░░░ that wants to get ░░░░░░░░ involved in this decision ░░░░░░░░ Doesn t matter if ░░░░░░░░ Republican or Democrat introduces ░░░░░░░░ you re going to ░░░░░░░░ the same result It ░░░░░░░░ a nonpartisan economic issue ░░░░░░░░ comes down to money ░░░░░░░░ the decisions businesses have ░░░░░░░░ make Jackie we are ░░░░░░░░ to leave it there ░░░░░░░░ give viewers an opportunity ░░░░░░░░ ask us anything didn ░░░░░░░░ know we were going ░░░░░░░░ do that Not sure ░░░░░░░░ anything Finance hypotheticals nothing ░░░░░░░░ off the table they ░░░░░░░░ you have it They ░░░░░░░░ me say that If ░░░░░░░░ have a burning question ░░░░░░░░ the big money anchors ░░░░░░░░ to our x account ░░░░░░░░ will read it and ░░░░░░░░ your questions live on ░░░░░░░░ air but first Donald ░░░░░░░░ wants to make manufacturing ░░░░░░░░ America great again but ░░░░░░░░ companies are labeling products ░░░░░░░░ in the usa when ░░░░░░░░ are actually not so ░░░░░░░░ are will going to ░░░░░░░░ that after the break.
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