Every week, Auntie Evan and Uncle David scour the news to find a Hire or Fire of the Week. Hires display impeccable aplomb and go above and beyond what they’re expected to do on the job. Fires do the opposite. Tune in every week to see who’s getting Hired or Fired next.
SHOW DATE: AUGUST 7, 2013
Neil Cavuto is a crotchety old guy who doesn’t understand how the world works.
You may have heard about the recent nationwide minimum wage strikes, where fast-food workers demanded that the minimum wage be raised to $15 an hour. Well, despite being a business reporter, Cavuto doesn’t seem to understand how inflation operates: he says that the workers should be happy that they have a job at all—after all, he earned a meager $2 an hour back in the day.
Sorry, Cavuto, but $2 back in the day translates to $9.47 in today’s economy. That’s over $2 more than the current federal minimum wage. Not only does Cavuto fail to consider inflation, but he doesn’t seem to understand that today’s minimum wage can hardly support a single adult.
Cavuto, you get the hook.