we look more at pay, profits, and jobs now with deborah wince- smith, president and c.e.o. of the council on competitiveness, a non-partisan group that works with business, universities, and labor to enhance american competitiveness; and vineeta anand studies corporate governance and other issues as chief research analyst in the afl-cio office of investment. welcome to both of you. >> thank you. >> suarez: i will start with you, start with the c.e.o. pay issue, what explains the fast rise and quick return to prerecession levels? >> well, i think one of the main issues is that we're seeing tremendous success of u.s. corporations in terms of their profits, their revenue and their share value. so that is a good sign that shows that we are continuing to rebound from the recession and that we are really going to see increased productivity and standard of living that ultimately comes from this wealth generation. >> brown: vineeta, a good sign in seeing the hikes in the c.e.o. pay. >> well, actually as share holders and we are shareholders representing workers through the pension

. >> brown: deborah wince-smith that reflects what people wonder. we heard a segment that talks about slower growth and people feeling pain for a long period of time. so what's the other side of the positive sign that you are seeing in c.e.o. pay growth? >> well, putting aside c.e.o. pay growth, i think what we really need to look at is the fact that what is going on in the global economy is a fundamental restructuring. we've really left a 20th century nonhigh skill kd economy. the jobs of the future are requiring entirely different skill sets so the disparity we're seeing in income is often directly linked to educational levels and skills levels. you know, we can't in the united states compete on low wages or standardized products and services. we have to compete on this higher value work. now the fact is the american worker is ten times more productive than a worker in china. in the long run, that is fantastic. but of course it means that automation, the use of all these new technological capabilities that drive this productivity does displace wor