instead of being pushed out of the labor market, women workers down ine down -- forced the labor market. they couldn't leave the labor market. they were free to do that. they had to go back to the lower paying job with fewer benefits that they had been able to get before the war in the first place. women are not forced out of the .abor market as forced down that is the direction we want to see when we think of the trajectory of women labor market participation. down, not out. , i reason this is important would devote an entire lecture to this, it is important to dispel this notion that women went home, because one of the reasons that it is easy for us to believe and it trips off the persistentastly, a womenrnicious notion of wage labor since the 19th century. women workers had to work for a living. marketre in the labor because they had to make a living. women workers always had somebody else to fall back on. they would have called it an not the necessities of life, for extras, frivolous reasons. you know that is not true. we can only think women workers went home because we are implici

well, it's semana laboral, labor week. it's not only labor day, it's labor week.e is a web address for the consulado general de mexico in san francisco. they're the ones who are kind of spearheading this in the northern part of california. there is a web address. thank you so much, sir. web address for your agency or a telephone where they can call or whatever? geraldo: yeah, you can call 209-688-5666. damian: all right, gracias. geraldo: gracias, senor. damian: all right. and up next here on "communidad del valle, musician max cabello. stay with us. we're joined here on "communidad del valle" by max cabello jr., who's been gigging for a long time down here in the bay area. is there an instrument you don't play? max cabello: i try it all, i try it all. damian: well, we do have a video clip. we're going to show actually most of it at the end to close out the show, but you know, what is it about--because you also write music, correct? max: yes, i love to write music. damian: what is it about that? is it you kind of sip a cocktail over on an island under a palm tree

marx pierces through to the underpinning of the labor market and labor relations. he shows that it is based on inequality, exploitation, and wage earners not getting what they deserve. something that has, of course, being an idea floating among american radicalism for a long time. what was different is that he insisted capitalism was inevitably creating the instrument of its own destruction. that was what he called the proletariat, workers whose coming self-awareness would lead them to seize power and change the whole system. not because they were any better than anyone else, but because the very nature of their social existence made it inexorably pushed towards changing the whole system. they cannot abolish the inhuman conditions of life without abolishing all the inhuman conditions of present-day society. oddly in the year 2000 and soon after that, there was a flurry of rediscovery of karl marx. the new yorker, at the time of the millennium in 2000, published an article saying, "man of the 21st century: karl marx." why? because marx, among other things, is the pr

slack and the labor force.f yellen's favorite measures, it is a broader measure of labor wars. -- force. this includes people who are not actively looking for work but would like to have full-time jobs. it is going down. it looks like it is disappearing from the labor force. that is something yellen will look at and moves us toward a september rate hike. >> some lesser skilled employment improvement in young people. it is pretty solid. if you go back 10 years ago, and think about the volatility and we used to get about a monthly variance. and now you have compress that. and you can get similar numbers every time. it is just a solid employment market. you also when you look at things like jobs, hard to fill or job openings there are very permanent placement hiring at close to all-time highs. you have a glowing appointment market, a good number of people that can be employed. you also will see these numbers trending lower overtime. many people have been hired, and a lot of those qualified workers 5.5 million peop

that will be part of getting rid of the labor market slack and increasing demand for labor services.ore questions? >> one completely -- well, not completely unrelated. the friday release of the economic analysis of obama's budget, one thing that struck me in that is that you talk about the gmp will be higher, but per capita gnp will be lower because of the immigration aspect of the president's budget. my limited reading of that is that there are more poor workers and therefore lower wages. i take it if that is not -- i take it that is not that simple. would you walk me through that? keith: part of it is that immigrants are below average in their earnings, their income. if you increase immigration, even if you increase employment with immigration, because they are below average you lower the per capita gdp. and that will be a challenge going forward when we have this declining labor force to begin with. we are obviously slowing our forecast for gdp growth in the future. and we've got the issue of a ratio of people working to not working in the economy as the population ages. if you ha

they also increase osha standards for the day laborers. so now we're creating a skilled workforce in our communities. >> and a safer workforce. >> and a safer workforce. so we're trying to teach the employers to come to the centers for a day laborer workforce. >> as opposed to...? >> picking them up on the corners. >> on the street. >> and so there's a culture right now in new york city where people pick up on corners. >> so, specifically, as best you can, what will the money do? what will you do with it? >> so there's a coalition of organizations that -- it's too long for me to list right now, but each and every one of them have been working to help understand what they need to build these centers in queens and staten island, for example. so this is gonna go to create physical space for them to meet. >> so construction in some regard. >> absolutely. and fund organizers to go out and get those day laborers that are currently in the that are currently in the corners into the centers -- teach them, bring them up to osha standards, get their

>> the cheap labor is based upon the value that it brings. the subsidy is a decision the policy makers have made. we have made the decision that someone makes a certain amount of money we will provide support for them. income support, food stamps stamps, that is a decision that i think is separate from the business decision and we're not just subsidizing cheap labor but this is the value that it brings to the enterprising and to drive up the cost fought by higher minimum wage laws then what we're doing is driving the cost of labor up with unemployment and a loss of jobs. >> host: there was a study that showed the top 25 hedge fund managers about $29 billion when you hear that what is your reaction? >> that capitalist system works very well for people who have resources and the world of economics is one that encourages that to put forward the policy that favors backstops for people and if those risks don't come through than the federal government would back them up. we created a tremendous opportunity to do very well and not as strong effort b

when i think about machines and labor we think much more about labor and textile workers than i do onhe general employment pattern in the u.s. i think about a world where you know, poor people in kenya have solar cells, but there are no jobs for which their skills are really scarce. we should think about technology and globalization as working hand in hand at this point. and the view in the '80s and '90s and trade was sort of irrelevant to whether it was having the u.s. -- is out of date and really not fully conscious of how it developed -- >> i want to agree in part and disagree in part. first of all, i think it's right to say that trade and technology in a stronger sense are associated with each other. we wouldn't have much more trade but for the much greater ease of communicating and transporting across countries. but for the technology that represented the containership and a great deal else. so what we call trade and the great increases in trade are very much tied up with technology. second, i would agree but be inclined respectfully to disagree with david in one aspect. i agree

they are male laborers. what makes them unique is they are coming as a totally different immigrant status. and not even immigrant status. the philippines has been colonize said by the united states. so filipinos, when they migrate they migrate as u.s. nationals. they are not subjected to immigration laws, which is really important. as every other one is restricted, filipinos can come without interrogations and inspections. they also see themselves as americans. they have grown up with american teachers, with american culture. they have grown up believing about the glory and riches of america. and so they believe they are coming to just another part of the country. that they are already americans. but they are unequal in status. u.s. nationals allows them to migrate. but they are not citizens. they cannot vote. when they come they often face a lot of surprising to them anti-asian sentiment. so this is the broad diversity of asian immigrants coming to this country early 20th century. and when they come, they s

guest: will the cheap labor is labor based upon what the based upon what the labor brings.t's not we have made the decision that if someone is making a certain amount of money we are going to provide support for them, income support, food stamps or whatever the case may be. that is a decision that is separate from the business decision. i don't think were subsidizing cheap labor i think were basically saying that this is the value of businesses said that cheap labor brings to the enterprise and if we are driving up the cost of that by higher minimum wage laws which president obama is proposing, which i oppose, then what we are doing is driving the cost of labor up which will result in unemployment and loss of jobs. host: there's a study that came out this weekend that show the top 25 hedge fund managers made for themselves about $29 billion last year. twenty-five people made $29 billion when you when you hear that what's your reaction? guest: my reaction is the capitalist system works very well for people who have resources. in fact president obama's world of economics is o

those inhly flows and the labor force, what is going on?> you look at the unemployment rate and job creation, this goes underneath that and shows the transition from different categories. so people who are employed, are they unemployed, are they in the labor force, so what we see in this chart is the number of people who are going from having jobs to leaving the labor force and vice versa. are at those rates all-time highs. that is a good sign, because it retiring andare they feel confident enough to do that and people who have been outside the labor force are coming in and able to find work. alix: thank you so much. , the mining back sector has been hit hard by commodities, but what part of the sector is still going strong? ♪ joe: "what'd you miss?" we asked which part of the mining sector seemed unruffled -- lumber. they are doing all right. part of that, lumber is volatile, but it could also depend on housing. if construction picks up, you meet -- you need lumber. joe: that would be my theory. alix: now to turkey, we are talking about th

stephen roach owns the phrase "labor arbitrage." china's labor advantage of the core.ty and notices the shifts. steve, ono have you, labor arbitrage. the mexican peso goes down. we have got to do labor there. is it enough to destabilize that labor calculus of china? stephen: well, china has done a for a veryob, tom, long time in competing on the basis of cheap labor costs, new technology, new infrastructure, new manufacturing capacity. that model is tired. he chinese know they have got to move away from the labor arbitrage play to boost exports to more of an increased labor income to boost domestic consumption. they are changing the rules on the basis of the models they use. they need consumption, not exports. brendan: stephen, is there still a labor income play? the concern in india is that they miss this bus. with increased automation, cheap labor is no longer the universal economic fixture and used to be. indian: well, brendan, has missed a lot of buses over the last 15 years to 20 years, and i think they are late in getting into the manufacturing, lead, exports-typ

that's on one side of the labor market.the other we see a lot of growth of work that requires generic skills and hard to automate. let me make my final point. a lot of things that matters is how rapidly things change. if tomorrow amazon introduced the $1,000 bezo spot that could cook for you and clean your house and comes on amazon prime and you could have it by monday, that would be a dramatic advance and we would all buy it. it would be extremely productive because a lot of people, that's their primary activity, driving and childcare and cooking and lawn manicuring. if amazon said we will have this in 2045 for $1,000, we would be well situated to adjust to that, because people would recognize that was not the place they wanted to be over the long term for a career. it matters how quickly we get there. i think -- i think a lot of thef debate is not whether these things will occur but it's whether we're at the second half of the chessboard where the inflection pointing all of a sudden things are doubling from a small number

currently however, most of the labor force slack that can be seen is in the low labor force participation rate. we estimate that the current employment shortfall with the number of people who would be employed if the unemployment rate equaled its rate in 20 -- in 2007 is about 2.7 5 million people. people. the unemployment rate accounts for only about one fourth of that amount. the depressed employment rate accounts for the other three fourths. that development will slow the long-term decline in labor force participation, which is attributable to the underlying demographic trends and federal policies, but it will also slow the following unemployment rate. over the next few years, depressed slack in the economy will put pressure on upward interest rates. nevertheless, cbo expects the rate of inflation as measured by the price index for personal expenditures to remain the same through 2017. an outcome that is consistent with some remaining, but diminishing slack in the economy and widely held expectations for slowly rising inflation. interest rates have been through -- have been near zero t

monday, labor day, looks hot again. so it is definitely going to feel like summer. >>> for all of us, i'm jim rosenfield. >>> tonight, the deadly ambush mystery. a police officer executed in cold blood while pumping gas. shot 14 times from behind. the suspect charged with capital murder. a community in shock. and the question everyone's asking is why? >>> the shake-up rocking the race for president. donald trump and hillary clinton suly feeling the heat from a pair of surging challengers. >>> also, a landmark battle erupting over the sudden renaming of an american icon. >>> unstoppable. a sea of desperate families flooding into europe by any means possible. one country now building a 100-mile fence to stop them. richard engel on the front lines of this widening humanitarian crisis. >>> and fighting peanut allergies. as the number of kids suffering from them soars, the surprising

real freedom came from control over the terms and conditions of their labor. as former owners sought to return to the old system of cheap, if not uncompensated labor, the freed men and women resisted and refusing to sign contracts that were commonly negotiated after 1865 by the freedmen's bureau agents. the rural environment of the 19th century, economic independence was achievable through land ownership which connoted status as well. one that extended beyond wealth. they had always had any emotional connection to the land where they lived. these were places that could be akin to hell where the slaves could find a sense of belonging. as a louisiana planter complained, the free people believed the plantations and everything on them belongs to them. it was because of their labor had produced the great wealth of these areas and this was home. logic dictated then that with the union victory and black freedom, the former slave would inherit the land or share it with former owners. this is the logic as seen by people who had been enslaved in the south. this was the

of employment but force them to sign labor contracts for the entire year. any infraction of the rule enclosed by the land owner whether insolence or disobedience could result in forfeiture for pay or arrest. every colored man would be a slave until he can raise his own bill of cotton and put his own -- is say this is mine suggested prince rivers, a sea island resident served with the south carolina volunteers for in the post emancipation era most was share -- sharecropping. financially unable to rent to the land for cash, they agreed to cultivate someone else's property in exchange for a portion of the harvest. had the system operated fairly it might have been an acceptable solution to the problem of limited funds on both sides. instead, just honest bookkeeping and a culture of intimidation and asked what tatian diminish the -- diminished the economic independence. recognitions of the benefits of literacy also shaped and expanded black aspirations in the post era. as soon as possible the free people sought to learn to read and had moved quickly to establish

it was during this labor famine that propaganda began to induce people to join the labor force and do their it in the war -- their bit in the war. women were the target again and various forms of cap again to because -- forms of propaganda because they were paid substantially less than men. it was no concern if women with billing the same jobs as men previously held. even if women were replacing jobs with the same skill level of the men, they were still paid significantly less, due to their gender. in the engineering industry alone, the number of skilled and semiskilled female workers increased from 75 percent to 85% from 1940 to 1942. in britain women were essential to the war effort in both civilian and military wars. the contribution by civilian men and women to the british war effort was acknowledged with the use of the word "homefront" to describe battles that were being fought on a domestic level with rationing, recycling, and jobs in munition factories and arms, and then into the military. women were also recruited to the canals, transporting munitions by barge across the u.k..

market or significant labor market was slavery. that is, it kept a senate group of people who were -- a significant group of people who were working in this country outside the protection of the laws while creating a system of legal protections for other people working in the cup. after slavery was abolished, webeen after slavery was abolished we have been through a number of different types of legal regimes that have kept a secondary subordinate set her up the labor market, workers who did not enjoy the same protections as other workers. one way this happened was with the new deal labor legislation that explicitly excluded agricultural and a bust of workers on the protections granted to others, the right to organize unions, the right to minimum wages, the right to maximum hours, the right to work place protections, unemployment insurance, later workers compensation. domestic and agricultural workers were excluded from that body of legislation. they were not protected and guess what? the mystic and agricultural workers were primari

the obama administration has really not been supportive of lay -- labor. it would have made it easier for labor to organize and harder for business to suppress that, i think that's an important difference. and finally, i want to talk a bit about the -- about the obsession of the roosevelt administration with deficits, and even though they spent a lot, they had to spend a lot -- in 1937 they cut back, and the result was a -- element -- almost a depression within the depression. obama became on assessed with deficits while employment was still going up in 2010, and in point of deficit reduction commission with people that were really terribly antisocial security, welfare state. it's interesting that i might say that it was sort of like other aspects of this half learned. while there was a talk about deficit and a talk about cutting back, essentially the cutback has been rather slow, and so you might say that that lesson was halfm learned a little bit like the intervention on the side of the banks and not on the side of the people, i might say. from now on, s

save 50% on the labor day limited edition bed.er sleep with sleep number. >>> an aviation tragedy is bringing changes to this week's atlantic city air show. >> hundreds of thousands of people will head to the show for the spectacle in the sky. >> nbc 10 jersey shore bureau reporter ted greenberg is live in atlantic city with more. ted? >> reporter: this was going to be a very big event for andrew wright. organizers here are understandably devastated about his death, but they say the show will go on and they believe that's exactly what he would want. the pieces are coming together but two days before the atlantic city air show, hearts here are heavy. >> we lost andrew on friday. it hit us all hard. >> reporter: these organizers knew andrew wright personally. the 53-year-old stunt pilot was killed when his plane went down while practicing for a weekend air show in orange county, new york. its tail broke off just before the crash. >> it's always in the back of your mind. you hate losing a performer, especially one that you know real

now she advocates on behalf of migrant laborers. over the last eight years she's interviewed hundreds of contract workers in iraq and afghanistan. >> that will make you work anywhere. doesn't matter it's a war zone, doesn't matter if you are going given good food or conditions. men are ready to sacrifice. >> a village of several thousand people,en several hours from the closest airport. locals estimate that 70 to 80% of the men have worked in afghanistan. >> you may get 500 rupees a month. the agents promise you to get $800 a month. i would consider moving there to get a job. >> we went to a tea shop and word spread we were looking for people who had worked on bases. it turned out this man serving tea, had worked in afghanistan, for supreme , working for nato. >> whether they made it to afghanistan or not, everyone had a story about how they had been cheated. this man paid $3,000 for 3,000 to an agent, for a job in afghanistan but when he arrived he was told he would be working for a much lower salary. at bagram, the largest u.s. ba

why is it important for us to know kind of labor history? >> sure.nk that we can't understand the problems that we have today. yeah, everybody understands. you can't know why things went wrong and we can't know why things went right with the understanding how we got them. in a situation today, i see 21st century america very similar to late 19th century america, thanks to union ancestors fighting for a better life, but similarly to the 19 century changes in capitalism have slapped news the face and we don't know how to respond. at that time the factory, huge corporations per here over night and the promise of hey, i thought this system was going to work for everybody, was going -- where is mine? it disappeared almost over night. should we band immigrant. we didn't know. we believed in the mid 20th century that this was working for us. we had union jobs, 40-hour weeks, vacation. we don't know what to do. what's going on here? we have no good answer yet. we're starting to work. well, i think it's very interesting to put occupy in the global context of

on the labor and material side. our materials are going up. our labor prices are going up. and i don't think that's a bad thing. but we are going to have to continue to raise prices, and we do it in very small increments. >> reporter: builder confidence may be better, but single-family housing starts which used to move in tandem with sentiment are still well below normal levels. sales of newly-built homes have also been bumpy this year as builders raised prices and focused on higher-end models. some builders say they're going to rein in prices the second half of this year, but most say they still have pricing power, that's because all housing supplies, both new and old, is still tight and demand is only getting stronger. for "nightly business report," diana olick in washington. >> the recent drop in oil prices is one of the reasons why some say the federal reserve should stand pat on interest rates in september. low oil prices mean inflation will likely run below the central bank's target level. well, today, crude s

the labor leadership contest begins.fter this short break. ♪ jonathan: good morning and welcome back to bloomberg tv. the hour.minutes past let's get you up to speed. greek lawmakers have approved legislation required to unlock about 85 billion euros of aid. the action paves the way for eurozone finance investors to come to a political agreement. finance ministers are meeting today in brussels. it is gdp day in europe. germany and france missed economist forecasts. french growth was completely stagnant. eurozone gdp just an hour later. five banks have reached a settlement with u.s. investors over claims they conspired to rig global currency markets. settlement now brings the total currency rigging accord to more than $2 billion across nine firms. ballot papers are being mailed out to supporters of the you k's labour party today for a leadership contest that will determine the future of the party and help shape the outcome of the 2020 general elections. >> i think labor has to have an alternative. there's got to be a cred

we have the labors of the head, the labors of the hand, and the labors of the heart. they depict activities that people in nebraska would be participating in. there was certainly some controversy after the artwork was installed. the very first piece to go in was the labors of the hand, including the depiction of a farmer with a bull. there was lots of media coverage bull the bull was a square and it looked like it was t square and a what kind of bowl has those kinds of lines. the surprising thing was it was not just in the lincoln paper, but covered nationally in 1956.

there is an issue with the demand for labor and not just the supply of labor.an: i am struck by two articles, one about walmart and one about gravity payments in seattle, a $70,000 a year floor on salaries. people nowroblem for above the minimum salary, which what does research say about that? maury: there are spread effects when the minimum wage goes up. the tinythat by fraction of the population making the minimum wage, and you can say it does not make much difference for inflation. but it does move up the whole hierarchy of wages. brendan: we will have to see those affecting companies as well. vonnie: will we be able to versusuish the -- because there is less slack in the economy? maury: i think the common factor will be less slack in the economy because there are a number of companies that simply cannot afford to pay the higher minimum wage and less business is better. tom: i am imagining you on stage last night in cleveland. you would have been next to governor kasich. when republicans spout off their theory, their theme, their belief about minimum wage, h

amy: something that is very unusual here is you brought in the gulf labor committee.lk about their issues that have to do with the art world extending into gulf states like the united arab emirates, and the actual brick-and-mortar , whoms like guggenheim they are built by? >> i'm not so sure our present interest in gulf labor's work has to do with the art world, per se, but i'm very much interested in the way that labor enormousoves in this transnational zone. this is what i believe gulf labor, of course, is illuminated in a very particular and serious way. and of course, if you bring in the llouvre, new york university, the guggenheim -- amy: new york university's extension in abu dhabi. >> all of these cultural institutions that are creating the different kinds of partnerships in the gulf, it makes for news. but i want to say that for me, it is not necessarily to say -- not necessary to say that i absolutely endorse everything that gulf labor does, but i am committed to what they represent as to the question of active citizenship. in the active citizenship needs to

is america suffering labor pains? we look at the state of american worker with labor secretary tom perez. a wild week for the stock market. massive swings up and down. should you pay attention to all the noise? and what does it mean for your retirement plan? and we'll take you inside cuba. what's really changed and should you be planning a vacation there anytime soon? "on the money" starts right now. >> this is "on the money," your mon money, your life, your future. >> what do a jewelry manufacturer, a hair salon and a wine store have in common? they've all jumped on the technology bandwagon to make their traditional brick and mortar businesses more modern, more mobile, more social. their small shops try to keep up with the bigger players in business and that's our cover story this week. three small businesses, three different vat jstrategies to ke with the times in the social media age. >> it's the best thing to happen to small business. you had to get through the gate keepers. now on social media, you can get to the

if they are a victim of a labor violation. >> i think we are out of time. i would suggest that maybe you and the questioner chat afterwards. you can have a chance to answer his questions. >> let me say one thing -- guestworker programs are inherently explicated. they cannot be fixed and should be abolished altogether. you can do all the enforcement you want but it doesn't matter. some just workers, from a study a few years ago, looked forward to becoming illegal aliens because they would be able to earn more and have more rights basically in the workforce. the solution is get rid of guestworker programs. >> they have the same rights as american workers do under labor laws. >> we will wrap it up now. thanks to the bipartisan policy center for hosting this. thanks everyone for coming. [applause] >> thank you, francine, thank you for the great questions. the live stream of this panel will be archived on our website. you can go back and revisit anything anyone said and it will be available there. check out our website at bipartisan policy.org. thank you all for

the youth labor party returned to the island where attendees were gunned down several years ago. teenagers say they are determined to move forward. >> a triumphant reopening for the camp. over 1000 members of the country's youth labor party are back on the island for the annual summer camp for the first time since the massacre four years ago. >> today we are participating in something bigger than ourselves by being here for the first time since the terror attack against our organization and our nation. the 22nd of july will forever be a part of the story of this island. >> this idyllic setting was the scene of a living nightmare on that day. a right-wing extremist went on an hour and 13 minute long shooting rampage, hunting down future generations of the country's labor party which he blamed for the rise of multiculturalism in norway. 69 people, mostly teenagers, were killed. >> everybody wanted to do something. the whole of norway was saying what can i do to help? what can i do to make it better? >> the country's youth is determined to look forward, but the shadow of the past re

civic corruption of the labor unions or any of that. theas the disintegration of institutional model of detroit of these huge industries right, the factors being there. it was the trend away from cities in general torts suburbs. saido these sociologists that detroit was going to be left -- they were not trying to say that in a pejorative way, but a sickly productive people were leaving non-productive andle and staying -- nonproductive people had stay. all of those other things i mentioned did not help turn it around. >> how did you do the research for the book? david: my first model is always go there. i did not move to detroit but i spent a lot of time there. nine visits over the course of the period i was working on the book. wonderful little bed and breakfast near the detroit institute of arts, two blocks from the library of labor and urban affairs, which had great archival material for me of w ther ruther, the head of united auto workers, and five miles away with dearborn with henry ford, and the grandson of the original founder is

is america suffering labor pains? we look at the state of the american worker with labor secretary. a wild week for the stock market. massive swings up and down. should you pay attention to all the noise, and what does it mean for your retirement plan? >>> and we'll take you inside cuba, what's really changed and should you be planning a vacation there any time soon? >>> "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. >>> what do a jewelry manufacturer, hair salon and wine store have in common? they've jumped on the technology band wagon to make their businesses more modern, mobile, and social. their small shops trying to keep up with the bigger players in business. that's our cover story this week. three small businesses, three different strategies to keep up with the times and stay in business in the digital age. >> social media is the best thing that happened to small business because it used to be, you had to get through the gatekeepers to get to people. if somebody is on social media, you can get to them. >> the consume