tv Out of Work FOX News July 8, 2012 6:00pm-7:00pm PDT
6:00 pm
>> this is the fox business network for the fox news channel "out of work." >> tonight employment in america. where are the jobs? >> we are still not creating them as fast as we want. >> nothing out there. nothing. >> who is hiring? >> you are hiring but you can't find workers. >> who is firing? >> heads had to roll. 10 percent of the staff. >> the reports are in. >> a disappointing jobs report sending stocks swooning today. >> jobs ain't materializing.
6:01 pm
>> the numbers don't look good. >> 69,000 jobs. >> the unemployment rate inching back up for the first time in a year. anyway you look at it, this is bad news. >> the team at the fox business network brings you a special report on the real unemployment story. because america is out of work. >> and now from the fox business network headquarters in new york, lou dobbs. >> america is out of work. unemployment hasn't been this high for this long since the great depression. the government tells us more than 8 percent of americans are now unemployed. that sounds booed -- bad, but it is worse than that. a record number of those workers have been out of a job for more than 6 months. all of this despite billions of dollars in government economic stimulus and corporate bailout all of which we are told were designed to create and to even save jobs. we have some of the stories
6:02 pm
behind these numbers. it is frightening. >> tony rizzo, pete and linda fish all have something in common. even though they are not working or not working as much as they would like the government doesn't count them as unemployed. >> i think there is a huge number of people in my position in this economy right now. >> the under employed, the part-time workers people who have flat out given up looking for a job. none of those people are included in the monthly unemployment statistic we all hear about. so we wondered who are these uncounted unemployed what kind of an impact do they have on our economy and most important, perhaps, why don't they count? >> the government's 8.2 percent unemployment rate we hear about only counts for any one who has looked for work for the past four weeks. for getting those workers who found a part-time job the
6:03 pm
government called you thick real unemployment. that is actually more than 14 percent. almost double what we hear in the headlines. >> why don't we count everyone who is truly unemployed? >> the measure of unemployment is some what suggest -- subjective. >> jeffery says this is a problem. >> ultimately you want more workers in the work force it's hard to have robust overall economic growth if you keep them out of the work force. >> pete spent 30 years wirepairg type writers and computers when he was laid off. but he didn't give up. >> my alarm was set at 4:21 when i was working and it is still set for 4:21. wife thinks i am a little couldn't couldn't. >> got up every day and put on a tie and searched for a job.
6:04 pm
the best he could land years later was a temp job only to lose it to a knee injury. he became uncounted. >> when president obama held a rally in milwaukee back in february he took a sign he had made saying i want to work. >> you don't look like a protester to me. >> i am not protesting i just want to get back to work. there will be people like me that will work no matter what. >> does government get it? >> no. >> tony rizzo is another uncounted he worked for years mostly as a clerk in west ball am beach, florida. he hasn't found a decent job since. >> you sound like what they call a discouraged worker. >> absolutely. absolutely. >> he went from living here in the historic area to a boarding
6:05 pm
house. he is discouraged and angry. >> i can't put it plainer that the on-line application process in this country is a crock. >> sitting in front of a computer he explains people fill out job applications only to justify an employment benefit. searching and more important real hiring is real scarce. >> you thought no problem. i am going to find a job in no time. i have great references. >> linda fish who had a career managing book stores and did millions of dollars a year in business found herself shelving books at borders. >> most difficult thing the learning part of being quiet and just taking directions and not offering advice and not telling people what to do. >> oh and the $8 an hour far cry from the 30 plus dollars an hour she used to make. that was tough, too. she writes a blog under employed is the new organic.
6:06 pm
>> i volunteered how -- >> pete is trying to grow his own food to cut costs. >> i am hoping that i can somehow have dignity and still be a successful person but if that doesn't work out i am going to have to do something else. then i will -- until then i will live off the land. >> he says they may be uncounted but that doesn't mean they don't count. >> thank you, jeff. there is really a fundamental question here. in a $16 trillion economy, why can't we create jock -- jobs. so far the solutions so far have been ambiguous at best. the grand pew baus on the left calling for greater spending more government programming. those on the right say cut taxes and less regulation. that will solve what ails us. melissa francis breaks down the battle between the left and the right over what to say in this
6:07 pm
political say year and what if anything can really be done. >> it's a big issue for most americans. >> it is jobs. jobs, jobs, jobs. >> jobs, jobs, jobs. >> that makes it the biggest issue of the biggest political campaign. >> he has not created more jobs for the american people. >> the economic vision of mr. romney was tested a few years ago. >> in congress they can't agree the other side has a plan. >> these are the 30 jobs filled in the past the how is that democrat controlled senate. >> the republicans in the house of representatives refused to take actions to create jobs. >> is this part of partisan politics or something deeper? >> the problem is there are dramatically different lenses through which we see the world. >> republican senator mike lee. >> the government cannot create wealth. because it can't create wealth it can't create jobs. >> whether government spending creates jobs. >> the stimulus did work but it
6:08 pm
wasn't big enough. >> cameron brown is from the think tank. >> the problem is we haven't spent enough in this country. >> i think in the short term all of the trends all of the economic trends point to the fact that we need another stimulus. >> if we put more money into the economy doing things that need to be done. >> congressman chris van holland is a member of the democratic leadership. >> building new bridges preparing building transit systems those workers have more money in their pockets they can buy another boogoods and servic that means companies can sell more goods and services. >> this mane some of the slowest recoveries most people have ever experienced. democrats would say that is because we wouldn't spend enough. >> making government bigger the idea of government stimulus isn't supported by the fact. >> dan mitchell is the senior fellow of the institute of a free market think tank. >> if you borrow money out of of
6:09 pm
the right pocket and put it in the left pocket you are somehow richer. it didn't work for bush in 2008 and it hasn't worked for obama. >> if spending isn't the answer, what is? >> what do you think would be a recipe for putting people back to work? >> all we really need to do to have success in the long run is to make sure the private sector is growing faster than the public sector. it is all about the size of government. >> of course it all depends on what numbers you are using. each side has their own statistics and economists to prove their point of view. who you believe sort of depends on which numbers you trust. which leads to argument number 2 hiring more government workers. >> teachers and cops and firefighters. >> that is a sedative not a stimulus. >> the president is an enthusiastic supporter. >> congress should pass a bill to help put thousands of teachers firefighters and police officers back on the job. they should have passed a bill a long time ago to put thousands
6:10 pm
of construction workers back to work. >> last time i checked firefighters are not federal employees with very few exceptions public schoolteachers are not federal employees. this is not his business. that's the business of state and local government. there's no amount of persuasion that will ever convince me that government can or should ever just flip a switch and say okay jobs are created because it doesn't work. >> what works to prop up demand when it is not there on its own is investment and government spending. it is the only sector that has a chance to help the economy and get people back to wshg. >> i don't think we put the economy in jeopardy to pay more to get back on track. >> why not have the wealthy pay
6:11 pm
more. >> why not beat them over the head with a stick again and again and again. when you tax those productive behaviors at a higher higher rate you discourage people from producing. >> which leads to argument number 4 should corporations pay more? >> corporations have done well be but the problem is there aren't customers. >> the burden is even higher and they need more customers. >> corporations are sitting on record profits across the board. they are sitting on a lot of cash. >> there's a cyclical problem every time i talk to a ceo he says i don't want to hire any workers because i don't know what my cost is going to be. i am sitting on the cash so i don't need a government bailout on the road. i am trying to protect my company. >> this is something businesses our infrastructure. when you look at things like the united states and infrastructure
6:12 pm
it used to have that is something where clshg e -- ceo's and business administrations are supportive of. >> if there are any ceo's higher taxes on companies in order to give politicians more money to spend on failed stimulus the shareholders should grab the ceo's and kick them out of the company. it is beyond cash. they are waiting for the process. it is job creation. >> there is one thing they agree about, what will happen. >> more paralysis. >> gridlock. >> they can't agree on what that means. >> the job situation is we have gridlock now. that is actually a good thing. if we can simply stop the government from doing new bad things that will get back on a steadier keel. >> hopefully we will come out of the election and maybe be able to hit reset and get something
6:13 pm
done. >> coming up millions of americans say this jobless recovery feels much more like a very deep recession. and whatever we call it the american family is being reshapeed by the powerful economic forces that have been unleashed. then we take you to a place where there are plenty of jobs. image being fresh out of high school, stepping right into a high paying job. sounds like the american dream, right? well it's a reality for many of the workers at this plant in allento allentown, pennsylvania. do you see it ? there it is ! there it is ! where ? where ? it's getti away ! where is it ? it's gone.
6:14 pm
6:15 pm
come on, let's go. rb water alarm. nice. isn't it? i just have to put it in the pool, and an alarm will tell me if my kids jump in. it's just a backup to the mesh fence i'm installing. yeah, looks great, jim. juns doing the safer thing, steve. it doesn't get safer than tt, jim. [ cell phone rings ] steve? wait tilyou see... you've got to be kidding me. you win. with layers of protection around pools, everyone wins. so you think -- not now, jim. i'm the water watcher.
6:16 pm
>> every american wants a job, a house, a family, the american dream. doesn't seem like tomu to ask. what happens to a family when the dream is lost. when the bread winner loses their job and it all comes crashing down. lori rothman brings us one family's story. >> you pick me up. >> lisa and kef have been have been married since 1986 both worked until they adopted their little girl megan in south korea in 1999. lisa decided to stay at home while kevin continued to work for an insurance company as an underwriter and broker. >> did you like doing that? >> i did, very much so. liked working with people.
6:17 pm
dealing with solving problems. >> kevin started working for his company at age 16 in the mail room. from there he worked his way up the ladder for the next 36 years. in 230shgs 9 the recession hits. >> they bring you into the room you know what's going to happen. >> was it a sign of the times? >> yes. 10 percent of the staff countrywide was let go. >> how did you feel after you lost your job not being able to provide as much money for the family? >> you feel as though you are a failure. you are the one who is supposed to bring everything in. the way i grew up, you know, everybody's father supported the house. >> what time did you get up. >> lisa was pushed into the bread winner role. >> i was working part-time at shop right. i didn't have to worry too much.
6:18 pm
>> 16 month later he found another job. >> then he got laid off a second time and that was completely devastating. >> devastating but not unique. in the year 2009 unemployment for men hit an all-time high of 11 in 2 percent. stories like theirs is common. she recently wrote a book the richer sex the new breed of bread winners. >> we can be looking in society where among mothers majority of mothers are supporting households. >> you look around you can see these trends. everybody has it in their circle of friends amongst colleagues people they know. certainly the changes in the economy are becoming apparent every where. >> you working saturday? >> saturday night. >> he followed a group of house wifes in similar situations they were bread winners of the family. >> when you look at the percentage of working wives who out earn their husbands you can see it is almost 40 percent.
6:19 pm
their husbands i have to say to give them credit their husbands were helping out at home. >> the spices are garlic, oregano. >> it means he gets more time at home being mr. mom. >> i like cooking. i used to cook on the weekend. now it's every day. >> currently right now i get up in the morning get ready for work and he wakes megan up. >> we will have a discussion about somebody in school or something like that. if i was working i can't be bothered with it leave me line. >> he tries to handle a lot of the situations with my daughter now. >> want something done i will take the wire away from the xbox. she comes walking in yesterday when you clean your room you get your wire back. she goes into a fit. she is not there for that. so i take on the brunt of it. >> teenaged drama. >> three years have passed and kevin is still out of work.
6:20 pm
>> it is hard to see him not get phone calls. it is very hard. it is nerve-racking. it beats down your soul. it gets to you after a while. >> now they may lose their house. >> i walk away because my daughter makes a joke i don't find it funny. i snap easily at home. we can't do anything. it's hard when you have kids and you have to say no all of the time. >> it's a tough situation. there are days you just sit there and you go why am i doing this? why am i -- i am not going to get an answer. but i have two people at home and a dog, and they want
6:21 pm
answers. so i got to keep pushing. i have to push. >> in the world's richest economy there are pockets of prosperity which makes the pain of unemployment that much worse. why can't every part of america be as bright as a little town in pennsylvania where the american dream is alive and well. >> i am getting paid more than most of my friends. a lot more than most of my friends. building pass, corporate card, verizon 4g lte phone.
6:22 pm
the global ready one ? yeah, but you won't need... ♪ hajimemashite. hajimemashite. hajimemashite. you guys like football ? thank you so much. i'm stoked. you stoked ? totally. ... and he says, "under the mattress." souse le matelas. ( laughter ) why's the new guy sending me emails from paris ? paris, france ? verizon's 4g lte devices are global-ready. plus, global data for just $25. only from verizon.
6:24 pm
6:25 pm
a disappointing jobs report triggering fears the economic recovery slowed to a snail's pace. >> all we hear is that there is no jobs in america. what if i told you that in that building right there high-paying jobs sit vacant for sometimes up to a year? what is the store arery? >> a major shortage of skilled machinists. >> a shortage of killed workers. >> that is what we hear from ceos like john mcglide. >> you are hiring but can't find workers. >> the company air products sells gases that help make things like golf balls. wine and beer. fuel for rocket ships. and your iphones and >> somebody has got to make that. that's what is examining on here. >> business is good. >> if i were to go to your company's web site which you have a section with available jobs how many would we find you have available? >> in the united states i think on average you would see somewhere between 5-600 jobs
6:26 pm
posted. i would guess 100 to 150 of those are sometimes as long as a year to fill. >> are you actively recruiting? >> absolutely. every day. >> they send applications to lehigh career and technical institute. >> these are the jobs that came in during the school year. probably the average start here is somewhere around $15. >> vocational training is unappreciated. >> somebody still has to fix the bridges. somebody still has to put up large buildings made out of steel. >> like this guy. >> i am 17 years old. >> he just graduated from high school already waiting for him in the fall, a job. >> i am starting at $17 an hour. and we work monday through friday. 10 hour days. fridays are time and a half. experience prevails over book
6:27 pm
smarts 90 percent of the time. >> some of the kids here don't even wait to graduate before they start working full-time. >> i am only 16 i am getting paid most of my friends a lot more. >> he already works for a battery manufacturer during summer break. >> make 10.35 right now. i just started 8 hours a day. five days a week. >> he seems focused likes to work. a lot of money for a 16-year-old. he just bought himself a car. >> sold my old car and just got a new one with the money i made. >> these kids coming out of high school can make down right respectable salaries. >> let's talk money. what kind of salaries are you offering for these folks some of which are coming straight out of high school? >> if you have an appropriate skill or welder or diesel mechanic you can start at $24 an hour. >> they have to pay that much because these workers are in high demand.
6:28 pm
>> you have had many job offers as i understand it. >> straight out of high school. >> you didn't go to college? >> i wanted to go to college early. >> they love the importance of higher education. >> higher education is not a luxury it's an economic imperative every family should be able to afford. >> for many skilled workers there is another pack to the american dream. like matt. >> start somewhere to keep progressing myself to get a better job. >> do you have a house? >> yes. you must have a lot of peers that are in jobs or possibly looking for jobs. what are you sharing from them? >> i have a brother who got out of college with a master's degree and he's having a lot of trouble finding a job in his field. >> his brother who has a master's degree can't get a job in his field. but matt since he is a skilled worker has never had to look for
6:29 pm
work. >> you see every day students graduating from college on mountains of debt. what would you tell them? >> we need to have four your college degree graduates but we also need what they are taking their technologies we are creating we have to maintain them. that means we have to have skilled workers as well. >> well as you just saw in some parts of this country in some businesses, there are plenty of jobs. but what about the unemployed people who don't have an expertise or a trade or a skill. coming up next, john stossel lax for work near a government welfare office. what he found we will guarantee you will surprise you. >> there are no jobs? >> there's nothing out there. nothing. woman: i remember the moment. -i'll never forget that moment.
6:30 pm
6:31 pm
6:32 pm
>> some relief from the deadly heat waves stretching from the midwest to the east coast after more than 10-days in triple digits temperatures falling into the 90s. with the cooler temping thunderstorms expected. in new jersey where they had power outages severe storms hitting again last night knocking out electricity to about 70,000 people. syria's president assad accusing the violent up rising in this country. assad saying the u.s. is
6:33 pm
partnering with terror seeking to kopple his government. he will not step down in the face of international challenges. he is coming after the military conducts military how syria might react to an attack from foreign military. fox business special out of work. flush >> welcome back to our fox business special "out of work." i am lou dobbs. nearly 14 million americans are out of work. what should a government do about that. as john stossel reports when campaigning for president barack obama said this. >> we need to expand unemployment benefits and extend them for those who can't find another job right away. >> after obama's election benefits were extended to as long as 99 weeks in some states. now the president campaign ad lists the extension as an example of how the president kept his word. >> 2 million americans know with
6:34 pm
certainty they won't lose their emergency unemployment insurance at the end of this month. >> then knowing a check is waiting has nasty side feths. >> when unemployment insurance first began it lasted 16 weeks. fdr said it wasn't a permanent cure. but today it lasts a year and a half in some states. progressives call that... a a a kind program that takes care of the for guy that gets fired. >> this is what is said about benefit and welfare program since the great society began. >> they are helping people in need. you know what we found 40 and 50 evidence just proves this, these benefits often times hurt the people who are tryi -- we are trying to help the most. >> paying people not to work leads some to delay taking a new job. a third of the unemployment find work right when their unemployment benefits run out.
6:35 pm
>> a socialist government laid off workers five years for unemployment benefits. when did many finally find work? after exactly five years. denmark cut benefits to four years. they then found jobs in four years. so denmark cut benefits in laugh. america has moved in the other direction. >> we have created 9 months, 12 months, 2 years, it becomes a way of life. >> what should government do to help people in need? >> need to find more jobs. >> food stamp job center people are accustomed to handouts that want more. >> something more they should do for you? >> have you looked for jobs? >> yes. >> no jobs around? >> no. >> really? i ask my team to check that out. within a few blocks of that welfare office they found lots of businesses that wire it.
6:36 pm
>> so does this burger joint. >> we are hiring cashiers also chefs and prep guns. >> they say people with no experience. the owner of this restaurant said he would hire lots of people. >> about 12-14 people. >> i would hire more than that but we need good help. >> how many come with no experience? >> i would probably take like 9. probably take 9 and train them. >> at the welfare office people told us there are no jobs. >> no, there's plenty of jobs. >> outside that welfare office we met this woman who says she works for human resources. >> there are no jobs around? >> i don't think so. there wouldn't be this line if there was. >> possible some are try not
6:37 pm
trying? >> you can tell the ones that are trying. >> you think you in human resources incore rauj peop-- encourage people to be dependent? >> yes. >> what should be done about that? >> i don't really know? stop giving away the money and they get a job. >> and you work for the government? >> that's right. >> the restaurant owner says some people who ask for work don't really want a job. >> you think some are looking and applying to say look i applied to the welfare office? >> yes a lot of times. >> i get a feeling they are teaching dependancy. they teach them we will take care of you, you don't need to go learn the stuff. >> they have got to be doing something. i can't even find good help. >> have you looked for a job? >> i can't work right now i am on disability? >> there's nothing out there. >> no jobs? >> nothing in my field. i am a medical assistant. >> what about going outside of
6:38 pm
your field? >> i have done that. >> working at a restaurant? >> it won't give me the money i need. >> the benefits are generous enough people say i can live on this amount of money and decelerate my job search i am not really going to look for a job until the benefits expire. >> i don't mean to single out the city. this is the jersey shore. life is good. some seasonal workers here work for the summer and then stop. they collect unemployment the rest of the year. >> he has been a lifeguard here for 20-years. >> it is hard work. >> harder work they sometimes save lives. experienced lifeguards supervise others. ask him what his job plan is? >> unemployment. about 500 every two weeks. >> lifeguard vince collects
6:39 pm
unemployment, too. >> this will be my 11th year. >> in most states they can get unemployment benefits the rest of the year. many beach goers were not happy about that. ? >> if they aren't working they should be looking for a job. >> i want to be paid right now hanging out on the beach. >> only in jersey. >> new jersey had to borrow money from the feds to pay its unemployment benefits. >> new jersey, we ran out of money. the unemployment benefits going out were more than we had in the bank. >> the legislator tried to exclude seasonal work like lifeguards. they aren't happy about that. >> it would devastate me. i would have to change everything i do. but it is a valid argument. >> i guess i can survive cutting back on something, too. >> how about getting a winter job? why bother when the unemployment checks are coming. >> there is a lot of dignity at
6:40 pm
work. i think this is the worst thing about the unemployment system it takes away the dignity of the people going to a job every day. >> can i ask you a question for tv. people are telling me there are no jobs. >> there is a lot of jobs. they don't want to work because they want to live off the system. they don't want to get off the welfare system because they are happy the system is taking care of them. >> paying people not to work like those lifeguards john stossel told you about. it has nasty unintended consequences. he spent years for doing that. they threatened to tighten their belts it led to this. >> is this in america's future? we go to greece next. colex. and this is what inspires us to create new technology. ♪ technology that connects us to everhing the world has to offer and vice versa.
6:41 pm
♪ technology that makes lightweight stronger, safer, and faster than ever before. ♪ technology that makes electric electrifying and efficiency exhilarating. ♪ technology that doesn't just drive us, but drives progress. ♪ and driving progress is what we do every day. ♪ ♪ r2 ♪ [ mission: impossible theme plays ] target acquired. check. check. rjcheck. check. target in the pool. squeaks ]
6:43 pm
6:44 pm
if n. greece and spain over 20%. that what is in store for america? a euro future? ashley took an up close look. >> reporter: this is the face of the troubled euro zone economy today protests over crippling recessions and high jobless rates. despair is leading to anger and even violence. >> society built on entitlements of falling apart strapped governments like spain are being forced to pull the plug on overly generous benefits. >> unemployment rate abounds 25 percent the spanish government is trying to reform the very restrictive labor laws here to make it hard to hire and fire. these union workers they are not very happy about it. the spanish government says it has to happen but so to the businesses in spain. >> here at a real estate listing
6:45 pm
site it is challenging. the jobless situation they call unbearable. they claim the country's unfor giving labor laws. >> we have a labor market that is (inaudible). >> accountant man well has been looking for a job for over 18 months. >> they expect to to come in and it is quite difficult. >> unemployment is 16 percent but for young adults in spain the jobless rate is about 50 percent for some the future may lie outside their country. >> things are hard here. >> what country would you go to? >> latin america or brazil. >> that's why language schools
6:46 pm
in spain are overflowing with students hoping to learn a new language. eduardo lopez lost his job as a teacher and is back to improve his english skills. >> there is a possibility to work and it is very difficult to wake up in the morning you don't know what to do for your situation. >> spain subsidizes at universities so it is cheap to get an education. nobody is hiring. >> a housing collapse bad loans filing up high unemployment and government spending is going through the roof. that is what has been happening in the euro zone. it sounds an awful lot like the united states. what is happening here could it happen in america. >> seeing your fellow dan mitchell says the signs are clear. >> see what is happening in
6:47 pm
europe right now the welfare state is collapsing we have a giant warning signal flash in bright red do not go in this direction yet government fans in washington are saying lathes double down. >> even more dramatic example is greece. >> it sits on the hill above athens the economy here is in ruins. jobs are scarce those people who are working sometimes don't get paid and for young adults their future is very uncertain. back in 2002 when greece joined the euro it was seen as a dream. now it is a nightmare. >> it led to violent protests. >> with people retiring on full pensions just under 60 years old greece has been on a crash course the impact has been severe. left in the wake a whole generation of young greeks who face unemployment above 50
6:48 pm
percent. >> it is no wonder it is rampant among young greece today. >> you can have the same thing in the us of a you would have a result of people. if you had the same thing in england people would have revolted. >> in europe they rely on hands out are finding out the painful reality now that the well has run dry. >> what is keeping america from following europe to the brink? do we know how to stop their problem from becoming ours? that's next. and freshens breath. new tums freshers. ♪ tum...tum...tum...tum... tums! ♪ [ male announcer ] fast relief, fresh breath, all in a pocket sized pack. - [laughing]
6:49 pm
woman: i used to wonder, why would a jew, a christian, and a muslim ever get together? - hello, hello. woman: and then i finally got it. they had a lot more in common than doughnuts. - ♪ love can build a bridge - ♪ oh, love and only love - ♪ between your heart and mine ♪ male announcer: a message from the foundation for a better life.
6:51 pm
6:52 pm
engine of growth and job creation. in fact, for the past 15 years, small business has generated 64% of all new jobs. geri willis met up with some of the ambitious entrepreneurs. >> a big world and i suggest you go explore it. even in these challenging economic times i'm bullish on small business. >> meet torrey johnson. >> hi, how are you? >> author of spark and hustle. entrepreneur and self-made millionaire. she tours across the country encouraging people to start their own business. >> i have watched countless people sit in the ranks of the long-term unemployed as they sort of do all of the right things to try to find a job and yet an opportunity for them simply doesn't come along. i have watched people say i am not going to go work for somebody else i am going to do my own thing. th >> that is what young entrepreneur william henry decide to do do.
6:53 pm
>> going to be 30 bucks guys. >> i am so passionate about food and supporting the american economy it is a no grabrainer. >> william got his start when a chapter in his life came to an end. >> in 2009 i worked at a financial data provider. the options are slow in our position. >> he took his passion for food and created his own dream job. home by the range. >> everything local fresh. >> where did the money come from? >> i have no money. i was on unemployment for 2 years during that process i was apply to go jobs each day i would plan the home by the range concept. i had credit cards and 14,000 dollars in my 401 k. >> you are using that? >> correct. >> and i have been using that ever since. >> how is it going? >> i am all right.
6:54 pm
how are you? >> good, good. >> what is a good day for you? >> financially gross revenues are around 300 to 600 a day. >> that means 150 to300 per day. >> what do you say to people out there to young people who say i can't find a job there are no jobs. it is really about how passionate are you about this particular business 75 percent of new jobs came from companies less than 5 years old. >> the more we can encourage people to venture out on their own the faster we will see a pickup in job creation. >> i have been paying off my
6:55 pm
bills. it is great i can eat my own food, too, with the business. >> you are always fed. >> always fed. >> william is not the only one who caught the start up fever. >> mark wayland part of this ploys encourages directs young people to have a career. 38 percent of his employees are under the age of 27. mike's businesses are thriving. he hasn't felt a sting of bad times like the rest of the country. >> we are doing two major hotels starting on a third with the major retail project. i am hoping we get a couple more gone. >> the motto is keep the chaos going. >> a lot of these businesses require young people. >> i say give me energy and enthusiasm i don't care about
6:56 pm
experience. >> he is invest ted in his peop. you have to look at what they can become and that is why he will go the extra mile if he thinks the kid is worth it. >> sometimes young people stay up late friday and saturday nights. they wouldn't show up on saturday sunday morning. if i thought had he this promise i i would get in the car drive to their house knock on the door tell them you have 5 minutes to brush your teeth and put on a clean shirt you are coming to work. >> do i have to straighten him out? >> he is doing great. >> one of the kids that i knocked got out of bed called me three weeks before his wedding and said i am going to get maybe teary eyed here. he said you know you really are like my father.
6:57 pm
you told me how to be a man. i am sorry. i haven't told that story. that kind of thing you can't make up. that is a wonderful tribute. >> small business, entrepreneurs mom and pop businesses little shops and stores they have always created most of the jobs in this country and they will again. >> how soon depends on the vision and voices of our leaders. those in small businesses and big all across this great country. thanks for watching. i am lou dobbs for all of us here on fox business. good night from new york. services, inc.
6:58 pm
♪ ♪ [ male announcer ] with 50 horsepower, dual overhead cams and fierce acceration, the gator xuv 825i will shatter your expectations. ♪ and so none gets left behind, check out our affordable xuv 550s at johndeere.com/gator. ♪ - ♪ america! ♪ america! - ♪ god shed his grace on thee ♪ - ♪ on thee - ♪ and crown thy good with brotherhood ♪
72 Views
Uploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=718973700)