find out what is on the comeback menu. it is all coming up on "your money" which starts right now. we need more jobs. millions more. they need to pay better. i'm christine romans. this is "your money." the dirty little secret of the economic recovery. jobs are coming back, but not paying as much as the ones we lost. washington is fighting over how to treat the symptoms instead of curing the disease. president obama signed an executive order raising the minu minimum wage for a sliver of the federal workers. >> federal contractors to pay a fair wage of $10.10 an hour. >> important for the food service and janitors for federal contractors, but largely symb symbol symbolic. home depot announced hiring 80,000 workers for spring, but the typical u.s. retail worker makes $10 an hour.

amazon is hiring 12,000 warehouse workers to sort and pack and ship. amazon says these jobs have benefits that pay 30% more than retail jobs. that is about $13 an hour. far less than the middle class jobs we lost in the recession. look, i will never knock a company for creating a job, but these are not jobs you can raise a family on. two of the fastest growing occupations are personal care aides and home health aides. median pay of $20,000 a year with no benefits. how do we fix it? our leaders are fighting over the minimum wage, but that doesn't address the problem. millie silva is the head of the seiu. andrew macafee is the co- author of the incredible new book, "the second machine." millie, you organize health care

workers. old guard union workers say stronger unions is what we need. they have made mistakes in the past. how do you get better pay for the explosion of low-wage jobs without having unions or if unions cannot recapture the old position of power. >> one reality is unions are the way to rebuild the middle class and make sure americans have an opportunity for good jobs. union workers are earning $200 more per week than non union workers and have the health benefits provided by employer. what unions have to do is to understand that there is an opportunity here to welcome non union workers and work in coalition with groups across the country with an understanding to provide an economy that provides an opportunity for all. >> the workers you talk to.

they are working their fingers to the bone, more than 40 hours a week and barely able to get by. >> you are right. the report that showed over the next decade, the occupations with the most growth of jobs are retail, food preparation and home health aides. >> that is the growth of the job market. not the same wages of jobs that we have seen before. some of the jobs are fast food jobs. a lot of growth there. we have seen a movement, andrew, to unionize the food workers. will those jobs exist in ten years? will technology replace them? are we looking at the low-wage job explosion with the 20th century brain? >> not quite. although the technology that i study and eric and i wrote about in "the second machine age" are

astonishing. the job growth are in areas where the advanced robots are still lousy. although the robots are getting better quickly, they will not take overall of those jobs in ten years. >> you talk about technology where it starts to run ahead of you and you have people who are left behind. should we be concerned about that? we should not be concerned about that in the low-wage jobs. >> we should be less concerned about that. this phenomenon of technology racing ahead and leaving people behind is a phenomenon. they are interacting with the physical world. a restaurant bus boy is not a high paying job. those are things that robots are a long away from. no robot in the world that can do anything like this. beyond the reach. >> the restaurants are putting

ipads on the table. the first two steps handled by a working low-wage worker are handled by the ipad instead, andrew. >> that is right. what we observe is the clever inn know vatt innovators. when i take the shuttle up to boston, i stop off with a quick meal and glass of wine, do i my ordering via ipod. >> we have to train workers if we have the explosion of low-wage jobs, and they keep paying low wages, what do we do with worker retraining. now i hear companies complaining they don't have the work force with the right skills. >> we all have to chip in and making sure we are retraining the work force to keep up with 21st century jobs. in particular when you look at health cakacare industry.

at seiu, we created a fund that is funded by the employers and jointly administered with the management and union. it really is about making sure that the employers are able to identify what is the skill set that those workers need. >> andrew, how do we know we are not creating the sea of low-wage jobs and smaller very top niche innovation jobs and vast middle where consumers of the second machine age, but not necessarily employment beneficial of it. >> that is what is going on. there has been a lot of careful work done to illustrate the polarization. the classic middle class worker is not doing manual labor, but not doing high end knowledge work. they are doing routine information processing. that is technology which is good at and getting better at quickly. >> we'll talk about this issue

again. andrew mcafee and milly silva thank you. meet the most powerful woman in the world. janet yellen. she can move markets. that is what happened on tuesday when she testified in front of congress since becoming fed reserve chief. the dow ended up 192 points that day. crossed above 16,000 for the first time since january. here is what janet yellen said in the form of a word cloud. no surprise. she utters the word federal reserve and open market committee and inflation. a few other words are telling. employment. labor and unemployment. those are clues about yellen's core focus. a jobs market that she says is still not strong enough. here is what she sees. 48% of americans are working full-time. another 11% are working

part-time. most voluntarily. some because they can't find full-time work. about 4% are looking for work. nearly 4% of them unemployed. 37% of americans are not in the labor force. some are retired and some are stay at home students. some have given up looking. janet yellen called on congress to fix the problem, but the fed cannot do it alone. congress has done nothing. you don't need to be the world's most powerful woman or billionaire to make a difference in the job market. lee bissell does not have thousands of dollars to spare. she is supporting a sick husband and two children. lee read an article on cnn about jean windsor. she lost her job as a home health care worker a year ago. her extended unemployment benefits ran out last year. she considered selling her living room furniture to help

make the mortgage payment. help from the fed? no, from bissell. she wrote her a check to pay off her mortgage. this story struck us and clearly it struck you, too. lee, what was it about jean's story that made you want to do something? >> she say health care worker. she takes care of people like my husband. my husband has a rare form of dementia. he is in the end stage. he has lived in assisted living and it is people like jean windsor who have taken care of him and what i came to experience was that they didn't just take care of my husband and the other residents, they took care of us as well. so, i realized that is a profession that is a calling. >> what did jean say when you said you wanted to reach out to her? >> i was put in touch with her through cnn. i wrote her an e-mail.

i said i hope she would let me do this for her because i feel blessed to be able to and she clearly deserves a helping hand. >> it is so wonderful to see people helping people. it is wonderful that you reached out. we wish you and your family the very best, lee, thank you. >> thank you. >> i'm happy to report that jean got a new job working from home for the college bound network. she will make $9 an hour plus bonuses. most importantly, jean tells us she is happy. after the show cancellations, sponsor losses and tearful reaction, paula deen is coming back. i'll tell you about that next. helps reduce the risk of heart disease. it seems that 80 is the new 18. grannies, bless your heart, you are bringing sexy back!

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are you ready to buy a house? how about help with your losing costs? fannie mae is offering to cover 3% of closing for some buyers. you have to buy one of the homes the government owns. fannie mae owns homes in the 27 states where the incentive is available. you have to buy through the first-look program. that gives you 20 days to bid on a property. the closing cost offer is available through the end of march. good luck. if you are not shopping for a steal, we have a deal for you. give me 60 seconds on the clock. it's "money time." you can buy al capone's miami

beach hideaway if you have $8.5 million. he died in the house which he bought in the '20s. eat more chicken. antibiotic free chicken. kraft is taking preservatives out of the singles. attention drivers. higher gas prices ahead. gas buddy says pump prices are likely to rise 15 to 40 cents a gallon. buckle up. graco recalling 3.7 million car seats. the harnesses can be difficult to unlatch. the government would like a bigger recall of millions more. a big week for bathes suits. air new zealand features swim suit models. barbie is featured in the swim suit edition.

critics call the campaign sexist and bad for young women's body image. all right. paula deen has cooked with butter and cooked with controversy and now trying to cook a comeback. nischelle turner has more. >> the thing is, this is a bit of a gamble for paula deen. is it time for her to make a comeback or are we ready to not see her on television again? >> how is this, ya'll. >> if she gets her way, she is known for cooking up meals and not controversy. private investment firm is infusing $75 million and $100 million in paula deen ventures. that is all things deen, including restaurants, cookware, foods and tv shows.

>> paula deen has a brand. she has a loyal audience. investing in her, assuming nothing else is unearthed, it is a safe bet. >> do you mind if i double dip? >> deen suffered a devastating blow last summer during a lawsuit of a former employee accusing her of racism and discrimination. deen re vealed she used the "n" word in the past. plane sponsors quickly dropped her. >> i want to apologize to everybody. >> the food network pulled the plug on her shows and other deals with qvc and walmart and sears were canned as well. the lawsuit was dismissed after an agreement, but the damage was done. deen apologizing at her first public appearance following the scandal last summer. >> it was an opportunity to learn. i learned a lot about myself and i'm certainly learning about my

business. >> experts say enough time has passed that the public may be ready to embrace her once again. >> if you look at any celebrity that has come back after disaster, they appeared contrite and expressed apologies on tv and they go away. they come back. we tend to welcome them back. >> what paula deen has going for her is the loyal fan base. 4 million on facebook and her company has said that her subscription has gone up 40% in the last year. it seems like her fans have definitely been sticking around and sticking by her. >> her sponsored bailed. the fans have not. >> the girl next door and everybody's mother is what attracted the loyal fan base. we will have to see what happens. if she doesn't need the sponsors

with the influx of money, we will see. >> thank you. a $45 billion cable media merger. the bill you hate to pay for the service many of you can't stand is likely to rise. somehow much and what are your options? answers are next. ch mo ink you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ chalky... not chalky. temporary... 24 hour. lots of tablets... one pill. you decide. prevent acid with prevacid 24hr.

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a $45 billion deal, a deal that reaches right into your living room. comcast merging with time warner cable pending government approval, of course. regulators got to look at this one. what does it mean for the service you're paying to watch right now? >> they can crush you -- >> heads up, couch potatoes. the monitor merger between the country's two largest cable providers mean you could pay more for your favorite shows and internet service. yes, the bill you hate to by pai for the services you can't live without is likely to rise. >> the price you pay for cable and internet was already rising. it's been rise for years. >> the average bill for basic cable in the u.s. climbed from $38 a month in the year 2000 to $78 a month in 2013. those fees are forecast to reach $110 a month in the year 2020

and that's before tacking on costs for premium channels and internet. the comcast time warner cable merger would also limit choice when's shopping for cable providers especially in some states like florida and north carolina where they already dominate the market. politicians like senator al franken calling the merger unfair for consumers. >> i think we seriously need to look at this. my concerns are is what it means for the consumer is higher prices or service, worst choice. >> if that happens, more enraged customers more ternted to cut the cord. that could be good news for content companies like netflix and over the top cable provider roku. but don't expect a massive exodus of cable addicts. americans are still spending more than four hours a day in front of the warm glow of their televisions. they'll just have to pay more for it. regulators could make comcast agree to certain provisions to prevent anticompetitive

behavior. another big change on your tv, the iconic "tonight show" has a new host. it's not easy to replace a legend like jay leno but that hasn't stopped jimmy fallon yet. the business of being jimmy fallon next. you raise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know you do so much more. tylenol®. i takbecause you can't beatrning for zero heartburn. woo hoo!re. [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn.

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he doesn't order the wine he always orders. he asks to be surprised... and for that moment, he's new to you. princess cruises, come back new. ♪ johnny carson, jay leno, and now jimmy fallon. fallon set to take over one of the most coveted time slots in all of television and make a lot more money. >> perfect. >> from saturday night jimmy fallon. >> thank you very much. >> to late night to tonight. a native new yorker, jimmy fallon, is bringing the "tonight show" back home more than 40 years after johnny carson took it out west, adding one's name to list of tv legends has a nice payday. fallon more than dowelling his

salary, making a reported $12 million a year. fallon always dreamed of being on "saturday night live." in 1998 at just 4, that dream came true. he anchored weekend update alongside tina fey and was known for cracking up during his sket sketches. funny man left snl in 2004 to pursue a career in movies but his big screen dreams flopped. so fallon returned to nbc to take over "late night." grooming his witty pop culture references, spot-on impressios,s and famous friends. the host made a reported $5

million a year. during the day, fallon writes books, plays pitchman. even won a grammy for best comedy album. fallon wrote this song, donated his proceeds to fisher house to help military families. he's hoping for more laughs on the "tonight show" but the business of being jimmy fallon is no laughing matter. and stay right here because coming up next in a "cnn newsroom" hear from a man who knows fallon's comedic craft better than anyone, his former snl costar horatio sanz. at 2:00 p.m. i'm going to be joined for solutions for income inequality. he said this is the most unequal of the major

industrialized societies. not just in income but in opportunity. >> plus, why an outspoken member of the top 1% wants more money to equal more votes napts also coming up at 2:00 p.m. on our all new "your money." "cnn newsroom" starts right now. it's u.s. versus russia right now in men's olympic hockey and age old rivalry ren back no 1980s chl. brace yourself because another storm is on the way. i'm tired of hiding and i'm tired of lying by omission. >> new this morning actress ellen page makes a personal revelation because of what she