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So why do countries enact minimum wage laws. >> john: politicians are dumb? >> maybe they are smart. maybe above average, i doubt that. [ laughter ] >> but clearly the government is going back many, many years decided that we have to set a floor for wages because when unemployment is as high as it is 13 million people. >> john: what the floor? >> the debate what the floor you are right. >> $8 a good, why not a hundred dollars an hour. we'll all be better off. >> i think they have enacted minimum wage because they feel with unemployment high some may be forced to say, i'll work for 50 cents an ...

Go away and come back at the end of your shift. what i learned from that, i don't want to work in the public sector. >> john: whatever the job they learned just by working. >> the work ethic now. it taught me what hard work is. i worked every other job in the restaurant business and moved on to the construction business and somehow i thought let's try this radio and tv thing. >> even if the job would be illegal today. >> i was 13 years old and i went to work at tyson's drugstore. you are not supposed to drive at 13. at the time 14 and a half in mississippi you could get your driver's license. ...

You are selfish rich guy. [ laughter ] >> i'm doing my social responsibility by keeping a business running in a poor economy and making sure i can pay people and teaching people how to work. o'reilly says, show up on time. if your shoes aren't tied i probably don't want to talk to you. >> john: thank you very much. bret baier, shep smith will tell stories about their first jobs. >> my first job, i was a short order cook. >> my first job where i became a little aerobics instructor. >> i worked at a deli and i had to chop up raw fish for the fish salad this lady made. i didn't work there very lo...

>> absolutely. something called the free market. who thought that could raise people's wages. a lot of people start at the minimum wage and then work their way up. >> absolutely. the ones that don't have the knowledge need it. interns. they want the knowledge is the information. the information is the wealth. that is how you make it. >> john: so you build a business you create jobs and you have 28 employees now. half the employees earn about $18 an hour. the average hourly wage in america is $16.57 well above minimum wage. the market sets it for 95% of the workers. what is wrong with having a ...

Parking lot of the dairy queen. >> i was washing dishes. >> i was 8 years old and i worked in my father's bakery. i scraped the floors. i don't think i got paid. >> john: america makes it illegal to work whether you are young but there is an exception. >> i worked at family restaurant. they started at me eight years old and i was promoted to hostess and then waitress. and i worked shift after shift. i would work all these shifts in a row. he would send all the other waitresses home. >> john: sometimes it was how hard to get first job. >> to see if they would pay me to sweep their sidewalks. >>...