thanks for being wiser than michelle obama and more bureaucrats in state capitols and washington. that's our show for tonight. see you next week.ay, that's >> and we'll be back tomorrow. join us then. the economy contracting. calls to hike the minimum wage keep raging. now the company planning to place human workers with machines, and will that cause the economy to shrink even more? this is "bulls and bears." here they are, the bulls and bears this week. welcome to everybody. gary b., are we looking at more job losses here? >> brenda, i think it's

inevitab inevitable. the minimum wage affects the many jobs many of which could be replaced by machines. we saw it years ago, by the way, with bank tellers. now almost everybody uses an atm, and toll takers on the turn pikes now with the easy pass, and we saw mcdonald's experim t experimenting in europe, and at my supermarket, same thing, self check out. it forces the company's hand, and if i can do that cheaper and faster with machines, and the robotic's industry is happy to comply. >> jonas, human technology has been replacing people, and is that such a bad thing? >> every one of the technologies

is improving. you can make the case, really low wages, like some countries have with no technology, and you can make the case that raising the minimum wage could push work offshore, and it's going to happen anyway. when google creates a self driving car, because it's a better technology than having somebody not drive well and play the wrong radio when he is in the car with you. >> john, amazon and other companies say this is not going to stop, this is not going to mean that they are going to fire workers, but will it stop them from hiring workers? our job market is so tepid, so can we afford that? >> they have to afford that. amazon is going to have 10,000

robots in their warehouse. this is going to be inevitable. this is going to be sped up by the minimum wage being raised. we're going to the steam engine that greatly helped the economy. this is a natural transition for the economy. if you add twitter, and you have a $27 billion -- we are creating wellth in the country but not creating jobs. >> take a look at a small business owner, and the wages -- he pays half to go up. he has to look at a way to, you know, deal with his margins, so replacing humans with machines makes sense to them. >> right, it will pay off. when you purchase something you will get your money back on it eventually. we are not losing jobs but

creating different ones, and maybe we should look at the educational system to train them for these jobs, and we need kids to make the equipment so they can replace people, and we need somebody that will make the drone that will deliver wine to my house on a friday night. it's a replacement factor. the kids have created -- what is that? the next kid needs to create the drone for me because that's where we are going. >> sasha, is maximizing the minimum wage, is that going to lead to robotics replacing humans? >> i think, first of all, i don't think raising the minimum wage from $7.25 would be maximizing, and maybe it's more effective, and as tracy said what we have to do is train for new jobs. you didn't have a karma cannic

unt -- car mechanic until you had a car. i know that i can't imagine that you guys support the government would pay tporp kind of job training. >> gary b., the problem here is that robots don't spend money. if you hire a worker, they are going to go out and buy things. robots are not going to buy things, except for maybe rosie on "the jetson's" or whatever. >> the atm is making $3 every time i go to the wrong one. >> i want to go back to the point sasha made. she did brush by the thought that as long as new technology

is cost-efficient, you move there. that's what happens when you raise the minimum wage, if i can get a robot that over the course that i amor ties it, i will move to the robot. if i could get the person in there for $7 an hour, i will stick with that. >> you can say borders would still be around if amazon didn't exist which was able to provide things at a cheaper rate because you do it over the internet, and it's not about whether you make 7 or $10. there are no travel agents anymore, and that was not because of minimum wage. >> i don't think borders and barnes & noble and tough times have gone out of business because of the workers in the store, and i think the whole internet argument was the case there. >> that's the point, it's technology, right? the internet changed how we do

things? >> yeah, exactly, okay, yes, but we are talking about raising the minimum wage on an employ basis. companies like amazon replace a whole lot more, the whole structure than barnes & noble had. not just employees. >> we are not supposed to root for john henry against the steam drill in 1870, because he died competing with the against drill. it's innovation. some day, maybe tracy can get the wine delivered at noon on monday because we don't have to work because our robots do that for us. >> we are not arguing against technology. the crux of the argument is will raising the minimum wage hurt jobs and enhance oddmation? it has to. that's the argument. >> it is enhancing automation

good, that's my point. >> yeah, if i pay a dishwasher annual salary, is that cheaper than me going out and buying the new ge dish wuwashedishwasher. i don't have to pay health care, and so i will get myself a fancy dish washer. >> thanks, guys. easy and quick to send somebody else's child off to die. they should be just as quick to protect them when they come home. >> former marine, montel williams, not happy with the mess at the va. why throwing more money at the problem may not be the solution. work hard and get a bonus, and tonight work hard and still get that same bonus.

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now back to "bulls & bears." bonuses not based on performance? the federal agency meant to protect you, the consumers, may be protecting mediocre employees. they are scrapping plans to give bonuses to top employees and instead handing out $5 million in extra pay to workers with a lower performance rating.

john, good idea? >> no, not in the world of most of us live in. i don't know what alternative universe this works in. nothing makes me more sick in the world than everybody getting a trophy. winning and losing happens, if you have no grading system for the employees, you are not rewarding the good employees but you are rewarding the bad employees. this is an absolute disaster. >> tell us how you really feel? sasha, anything good in this? >> well, i was just concerned, it was really about you, right? >> he is the wrestling god. >> the longestp in that the history of the television -- >> i don't want to brag about you, but you are brag worthy. the only good thing about it,

it's expensive than settling all the lawsuits that were going to happen. it's a big mess, and yes, it's ridiculous. a loft it has to do with the way the agency was put together, so quickly, a public sector and private sector, and it's not -- it's a snafu. >> jonas, maybe the government is so bad they should not be raising employees? >> yeah, that's why government doesn't run as well as business. and when i was grading in business school, i was not able to give a "c" to the cheaters, because they would get their feelings hurt. you can all of a sudden play favorites because what do you care, you don't care anyway.

donald sterling, he was not going to give bonuses to black players, because that would be stupid. who cares in the government, give them the bonuses. that's what happens when you have the bonus discretion. profits keep us honest in some ways. >> i don't know if that's true. it's apathy when everybody gets a good score. this notion of the pay grade system, when you know what you are going to earn every year, it doesn't want to make you get out and do anything better than basely what you think you are going to earn. it's exactly why, to john's point, our government is the laughingstock lately, because i can't do anything, right? >> tracy, it might be a good place to work because you will certainly have job security. >> gary, i know you will love

this idea. >> it is like the headline from "the onion," and everybody is deemed outstanding. they are all great this year. i agree with most of the panel, this is almost laughable. it's like they made this up, and it's like a joke headline, and it's april fools' day. tracy made the good point. if you are the hard working consumer protection person and you come in, and he is getting the same bonus as i am? why am i going to work hard? everybody will start slacking because there is no incentive to do a great job. but maybe jonas is right. how we can find a silver lining in this is remarkable. >> he is pretty good. >> maybe this is the best they can do. >> let me point out, the average

salary is $117,000, so the bonuses are on top of that. >> it's all the more reason why i want to work at this place. you never get a reason. >> we have to stop there. thanks, guys. turn that cake upside down, and cheers to divorce. the growing trend of throwing lavish parties for splitting up. okay, there is an economic connection, i promise.

the performance review. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. could mean less waiting for things like security backups and file downloads you'd take that test, right? well, what are you waiting for? you could literally be done with the test by now. now you could have done it twice.

this is awkward. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. get this, from i do to i don't. now, let's party! lavish divorce parties, some costing as much as 25 grand. one company promoting a upside down black wedding cake. tracy, you say good for them? >> i absolutely do, although i would not eat the black wedding cake. there is 101 excuses to have parties today, and if your divorce makes you that happy, more power. >> i guess if people have money

after divorce, why not? >> yeah, why not. you take a practice swing in golf and most people need a practice marriage. >> amen. >> how else are you going to get good at it? gary b., you are not allowed to comment, you have been married 100 years. >> most of the panel have been divorced, but not gary b. what do you think about it? >> i personally if i got divorced, i would be very sad. i would not be in the mood for a party. but that being said, i agree with tracy. if they have the money, and they want to spend it and makes them feel good and contributes to the economy and all that, i say fantastic and have at it. >> sasha, i know you have had brides' made dresses. >> i have to say i have been skipping the starter marriage.

>> well, then you don't have to divorce. >> yeah, they are stimulating the economy, and as long as i don't have to get a bride's made dress or buy anything useless off the registry, i hope they have a great time. jonas, another one married and never to divorce, and has a great wife -- >> that's too bad, because getting invited to one of these parties, it would be a good party. this is a better use of your money. this is letting the word know you are available for another marriage and you can marry more money, and this could be a good investment, even though you are wasting $25,000. >> i think it says something about the divorce, if there is any money left for a party, because you generally take 30% off the top and split the

difference when you get the divorce. >> i am more surprised you have friends to invite after a bad marriage, more than the money. >> they are calling them predumbfesedumb fe -- freedom vests. >> divorce is good for the economy, and it's bad for the social structure of our economy, and so have a good time and life is short. >> even though that was a black wedding cake? >> yeah, i would take the black wedding cake. i think it looks good. >> all right. that's great. thanks so much, guys. >> thank you to sasha for joining us. >> thank you. the mystery millionaire leaving envelopes of cash for those willing to work to find it. what can d.c. learn from this? plus, this dog may fly, but

ramon is doing something even more impressive.

predictions, gary b., what do you say? >> brenda, i think the market is running on fumes. it will take a little bit of a pull back, and a 10% by labor

day. >> jonas, bull or bear on that? >> only if we had another bad gdp quarter, which i don't think we will get. >> goldman sachs predicts the u.s. wins the cup, and i think golden sacks up 20%. >> i would look elsewhere for your financial stock. >> tracy? >> so the hidden cash millionaire is out there putting cash all over in envelopes, and follow him on twitter, @hiddencash. maybe we don't need government handouts after all, we have millionaires generous off to do it themselves. >> i don't know about this extreme sports with your pet, but i will say dogs like to travel, and they like luxury hotels where i take this guy to pick up ladies on the weekend, because they all got their dogs

in the room because the star wood hotel, which should be up 15% -- >> jonas, bull or bea on this? >> never bring a pet that much cuter than you to a television show. we have the ados tea to turn our back on them to turn our back on them right this second. i will tell you something. all societies are judged by what they do for the least of them. and so $5 billion for terrorists? at west point, where he could have used the day to say i am sorry for the pain i caused you, the families, and i am going to fix it today! >> that's what happens when a proud vet starts venting, as he sees other vets suffering.