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ALL PUMPED UP.
IS BIG LABOR ABOUT TO CASH IN ON
THE FAST FOOD BUSINESS?
DOES HE HAVE A POINT, STUART
VARNEY?
FAST FOOD WORKERS NEED MORE THAN
MINIMUM WAGE?
>> HOLD ON A SECOND.
STEP BACK.
HOW DO WE SET WAGES IN THIS
COUNTRY?
DO WE PAY WAGES THAT YOU
DESERVE, THAT YOU NEED, OR THAT
YOU DEMAND?
IS THAT HOW WE SET THE WAGE
LEVEL IN THE UNITED STATES.
WE DON'T DO THAT.
YOU CAN NOT DO THAT.
WE SET WAGES ACCORDING TO THE
SUPPLY AND DEMAND AND THE SKILL
WHICH YOU BRING TO THE TABLE.
THAT'S IT.
THE MARKET SETS THESE WAGES.
TRUMKA WANTS TO INTERVENE IN
THAT AND PAY YOU WHAT YOU THINK
YOU DESERVE.
>> Brian: SO RIGHT NOW THE
UNEMPLOYMENT -- EXCUSE ME,
MINIMUM WAGE IS 7.25.
THEY WERE FIGHTING YESTERDAY FOR
$15.
DO THEY UNDERSTAND IF THEY GO
AHEAD AND DO THAT, HOW MANY
COMPANIES AND FRANCHISES WOULD
NO LONGER SUSTAIN ITSELF AND HOW
MUCH MORE THE FOOD WOULD BE?
>> TAKE YOUR PICK.
DO YOU WANT MORE JOBS AND DECENT
PRICES AT FAST FOOD OUTLETS?
THEN YOU CAN'T PAY $15 AN HOUR.
IF YOU PAY $15 AN HOUR, YOU'VE
GOT FEWER JOBS AND HIGHER
PRICES.
TAKE YOUR PICK.
LOOK AT TRUMKA FOR A SECOND.
IN 2011, THE MAN WHO IS LEADING
THOSE DEMONSTRATIONS, HE RUNS
THE LABOR MOVEMENT IN AMERICA.
RICHARD TRUMKA.
HE MADE $293,000 IN THE YEAR
2011.
>> Brian: HE'S RICH.
>> HE'S WAY UP THERE IN THE 1%
ARENA.
HE'S A RICH GUY.
BUT HE LEADS A MOVEMENT WHICH IS
DECLINING IN MEMBERSHIP.
THEY'RE NOT PAYING AS MUCH IN
DUES TO THAT UNION MOVEMENT.
AND HE'S GOT TO GET OUT THERE
AND GET MORE MEMBERS IN SO THAT
THEY CAN PAY MORE DUES TO
SUPPORT HIS 1% SALARY.
>> Brian: AND THEIR FIGHT WAS
THAT AFTER THE 2008 COLLAPSE,
THE UPPER CLASS AND THE RICH,
THE WHITE COLLAR WORKER WHO
CAUSED THE COLLAPSE DIDN'T PAY
THE PRICE WITH THEIR JOBS.
BUT THEY'RE PAYING THE PRICE
WITH THEIR JOBS.
BUT THE FACT IS, SO THE MIDDLE
CLASS PAID THE PRICE.
>> YOU CAN MIX APPLES AND
ORANGES ALL DAY LONG.
THE FACT IS, IF YOU START PAYING
$15 AN HOUR FOR A GUY WHO WORKS
AT McDONALD'S, YOU'RE EITHER
GOING TO HAVE FEWER JOBS OR
HIGHER PRICES.
>> Brian: McDONALD'S NOW
SERVES APPLES.
THAT'S INTERESTING.
THEY'RE TRYING TO BE HEALTHIER.
MAKING A COMPLETE CIRCLE.
SEINFELD
EPISODE.
>> NICELY DONE.
>> Brian: WE'RE DOING A
SIMULCAST.
EIFFEL BE ON RADIO.
20 MINUTES AFTER THE HOUR.
VARNEY AND COMPANY COMING UP AT
9:20.
UP NEXT, NO PASSPORT?
NO PROBLEM T. TURNS OUT IN SOME
PLACES, OUR BORDERS ARE SO WIDE
OPEN THAT YOU COULD JUST WALTZ