david: staying with us, michael holland, and stephen stanley.a read on the economy and the point of farr,f hiring with david a chairman and ceo, live from new york, this is bloomberg. ♪ ♪ i have talked to in the is a sleeved or participant, and sooner or later, it comes to employment. are we growing jobs fast enough? our wages going up? do we have enough workers, and are they right for the job? david farr is on the front lines of the debate as the chairman and ceo of emerson electric, employing over 75,000 workers, and the chairman of the national association of manufacturers. welcome. david: great to be here. david: from emerson's point of view, what is the situation of employment? i'm curious about, are you having to raise wages because we saw numbers two weeks ago that they're going up, and are you having the right trouble getting qualified employees? david f.: yes, yes. the wage impacts started last summer ahead of time. what we start seeing as optimism in the world, jobs expands, and we have gone up a notch in wages. i expect that to happen