This is real money and you are the most important part of the show. Tell me what is on your mind by tweeting me at ali velshi. Americans and employers extended the hiring spree in july adding 209,000 net new jobs to the economy. That is according to the newest jobs report that came out earlier today. Although julys gains actually dipped compared to the gang buster gains weve seen in previous months weve seen an average of 244,000 new jobs every month for the next past six months. Thats good news but we want to see higher average monthly job gains because were greedy about these things. We have a lot of time to make up for all those months where we lost jobs otherwise it still feels oh slow going for many of the estimated 9. 7. Million americans who are still looking for work. I usually say to ignore the Unemployment Rate figure but i want to Pay Attention to this one for now. Unemployment actually picked up to 6. 2 . Up a little bit. While that sounds bad its not. Heres why. Last month also saw a slight up tick in the Labor Force Participation rate to 62. 9 . 62. 9 is the percentage of working age people who are actually available to work. Who are working. These are people who have either got jobs or actively looking for jobs. This figure had dropped to histor historic lows by late last year because Many Americans effectively were dropping out of the workforce. The fact that people are coming back in this as this number goes down at aer cause this number to go up as well, around this translates into a slightly higher jobless rate, but this time for the right reason. You can go ahead and ignore this figure for the rest of this discussion, but lets not ignore this one. Wage growth. Last month average hourly wages picked up. The this is a 2 gain over the last two months. This is below the wage of inflation. We see wages rise 3. 5 to 4 a were. It keeps pace with rising prices and gives you extra money. We are not there yet. Only creating more high paying jobs will push average wangs upwards. Once we see solid wage growth well know americas recovery is really on the right track. Regardless of job growth the workforce of the future will look different than it does today. In fact, we only have an extra 10 to 15 years for people to have places in manufacturing and offices across the globe. Were joined by Stanford University where he serves as a fellow for the school of corporate governance, counten to you rain on this parade. Six months of creating 200,000 jobs a month, and here you are with doom and gloom to tell us forget it, there are going to be no jobs in 15 years. At the moment were fine. Now well be changing our cars were driven cars to Driverless Cars. In other words, by the end of this decade well have commercial models available that drive themselves, and then beyond that well be battling, should we allow human beings to be on the roads at all. Human beings, they drink, they get distracted, they fight with their spouses and they crash into each other. Selfdriving cars dont do that. But you no longer need taxi drivers, delivery drivers or chauffeurs. What happens to all of those drivers. And then amazon, heres the thing. We both are Technology Fans and fans of things that are really advancing our society. But all of us have to honestly admit those who like Technological Advancement have got to figure out what the challenge is for the workforce. How do you have a middle class where the middle class in this country and other countries are built on a manufacturing sector. You use robots to manufacture thing and Driverless Cars to deliver things and people what is the answer. Ill be optimistic. The course wilthe cost also drop dramatically. The cost of cellphones used to be larger, but now they have dropped dramatically. Well be printing food, well have these amazing devices to print in our homes using 3d printers. Everything drops. Unemployment wages, give them a basic wage, and we can work less. A lot of good things happen as well. The thing that i worry about what will we do for a living . How do we get the satisfaction that we get today . What do we do instead of work . Thats an interesting case . Were going to want to produce value, guys like you and me we like to think were giving value to somebody. We want to find some replacement to providing value whether its for ourselves or our families, the world around us. What will that look like for a thinker like you. The ones who sit in front of their t. V. s all day. Others who are musicians, artists who seek to uplift themselves and gain knowledge. But the fact is were going to have a lot of things changing. And people are not ready for this. Theyre not ready for this joblessness situation that well move into. This is what gets me worried. We heard about shorter work weeks. If things are cheaper and you dont have to work as much, weve seen this. A lot of electronic goods are cheaper than they were in previous years. You think about a flat screen tv you get much more tv for your money. Can we do that . Is that feasible . The idea that we work four or three days a week and keep fullish employment, things cost less and we can survive that way . Reporter i think at the turn of the center we worked 70 hours a week in the factories. People worked all the time on their farms. Now were happy with a 40hour workweek. Why not have a 20hour workweek . Who says we cant have more money and time for leisure and enjoyment. Society will redefine itself. The fact is that were heading into an era of abundance where we have so much for so less, and we can eliminate the problems of poverty, disease, hunger and place. It will be what we make of it. We have to figure out what to do with ourselves. The good news is that well have our basic needs being met by technology. You successfully turned that around. You started off as a cloud hanging over my show, but you turned this into a fairly Bright Future where we wont work as hard as we do j i want to you have a great weekend and i want more people to be watching your show. Thank you. Vice president of innovation and research at singularity university. And you should follow him he tweets out some of the best stuff out there. The stock market fell again. The Dow Jones Industrial average, the nasdaq and s p 500 all fell less than half of 1 on thursday. Now among the reasons for todays decline is the situation in argentina. A group called the International Swaps and derivatives association, imagine the conventions they hold. That groups failure to make interest on its bonds will trigger payments of 1 million on default insurance. Im talking about credit default swaps that investors buy on themselves or countries failing to pay its debts. Coming up next, who doesnt wonder how much their colleagues make . Im going to tell you about companies that are lifting the veil and revealing everyones salary. And raising fierce of a bubble, well see if big auto is riding the fast lane to trouble. That story and more as real money continues. Stay right here. When you run a business, you cant settle for slow. Thats why i always choose the fastest intern. The fastest printer. The fastest lunch. Turkey club. The fastest pencil sharpener. The fastest elevator. The fastest speed dial. The Fastest Office plant. So why wouldnt i choose the fastest wifi . I would. Switch to comcast Business Internet and get the fastest wifi included. Comcast business. Built for business. With the top speedou compare of comcast the top speed of business dsl from the internet. Phone company well, theres really no comparison. Why pay more for less . Call today for a low price on speeds up to 150mbps. And find out more about our twoyear price guarantee. Comcast business. Built for business. An average american salary hovers around 43,000. We know that some of us make more than that and some of us make less but do you know how much the guy sitting next to you makes . One of the most anxiety provoking aspects of a new job is negotiating a salary. In most workplaces you cant know for certain unless someone mistakenly leaves a pay slip lying around the office until now. There is a growing trend of companies with an open salary policy. It means you get hired and immediately your salary information is made public to your office. As mary snow reports its one of the best ways to recruit and manage happy employees. He has no qualms telling you how much he makes. I make 145,000. For atkinson and others an an analytic s company, they all know how much each other make. Ive never worked anywhere, where salaries havent leaked out and causes problems. Ality the end of create damage in your salaries and that will come back and haunt. You some employees can access a list with everyones salaries on a weeky document. This is what everyone makes. Everyone has access to this. I dont have to blurt it out. We dont share it publicly but with the team. Reporter its part of a growing trend of companies where they decided transparency is king. The organic Grocery Store whole foods has been doing it since 1986. Universities and governments in 46 u. S. States make a habit of posting salarys online. It works. Reporter tech start ups are doing it, too. Buffer goes as far to list staff salaries on its website. The moment it posted its salary formula it was inundated with resumes. The study of Pay Transparency for advance Human Resources studies found that paid transparency worked much better than pay secrecy in keeping employees engaged and producti productive for the transparent salary isnt for everyone. Im sure conversely weve gained far better people people who tend to feel they deserve their salary and have no issue with that tend to be better teammates. It was both uncomfortable and comfortable at the at the same time time. Reporter they started may 1st. He said having an open salary changes the dynamics in the office. Itry moves a layer of something that could be very frustrating and has been frustrating to other companies knowing that your colleagues either they know something about you or you know something about them. Reporter the larger strategy for companies that have Pay Transparency is fundamental. They say it builds trust. But there are down sides as well. Atkinson said he has had to have tough conversations with his employees about why they arent paid as much as a colleague. The communication is higher here. In Many Companies you can rely on the fact that someone doesnt known everything and you can walk around walk arrested moments. Here you have to express what is happening and communicate across the board, which is a lot more work. Ive little trouble getting my head around this. Atkinson said any company can benefit from adopting a better working place. Our next guest said a Company Better have all its ducks in a row before going to pay transarentcy or all hell can break loose. Linda, i wasnt here for this, but when this conversation came up my executive producer who is traveling and not watching, so i can say this, was apparently freaked out about this idea and made her very uncomfortable, which make me think that shes highly paid. A lot of people dont like this idea. There are, i think the point is that the world is changing. The workplace is changing, and more and more h. R. Executives, managers need to be prepared for the fact that there is more transparency or more openness than they feel there is. J. Generally speaking, in an union you could figure out how much someone was paid. There was standardized pay, and they have been working so many years and you could figure it out. I think there is more anxiety about not knowing as Companies Pay for performance that has changed the sense of security employees have. If you are paid by the hour you know how many hours you work, you know how muc how many hours the person next to you works and you can kind of figure it out. When youre told that youll get this base and then paid on your performance. They need to know what were talking about. They need to know how that performance is evaluated. You need to know hower what to do differently and have confidence that the person next to you will be evaluated the same way. This is what i was going to say. If we move to the system and i find out the guy next to me gets more money than i am, i need to understand that we have a basis on which to judge our performance. Its not subjective at that point. Everyone has got to have their ducks in a row. The company that moves to this transparency has got to be able to say this is how well evaluate, this is how well separate the good from the bad. Right, you have to have managers who have bad to have the conversations, who are comfortable having the conversations, and who they themselves understand and really believe in how the way youre paying for performance, how youre paying for some skills than others really does support and build for the overall strategy of the company, and the profitability. Because if you have that, if you have your pay system aligned so that you ar you are making the company more profitable, you wouldnt have a hard time explaining the salaries. But when its not define sod well. It has to be running smoothly for this to be thed an on that then helps. Absolutely. It will certainly shine a light on any deficiencies that are there. There are companies in which soft skills get you paid more. Are there places in which this is really measurable and simple. Youre getting paid for measurable merit related to output versus other places where somebody gets paid more because they seem to have better skills than somebody else . Thats where it comes back to this trust and communication and articulation of what the action is that i need to do differently if i want to get paid more. I think some of what you see companies are usingand this was the case that you profile to say that we want to send a message of the kind of culture, the kind of employees and there is Interesting Research done by a couple of companies arrest cornell where they look at tolerance of eneckty. How a toll rabbit are you from inequity. Some are frustrated with paid secrecy and are better performers when pay is open. Were attracting better workers and apracticing people who want to be part of a team and that transparency is better environment for them. Thank you. The executive director for the institute of compensation studies at cornell university. Up next, auto sales are in on tech know, scientists go up in the sky, were flying over a fracking field in texas using Ground Breaking technology to check air quality down below. Formaldehyde levels were astronomical. Its bad. Tech know, every saturday go where science meets humanity. This is some of the best driving ive every done, even though i cant see. Tech know. Were here in the vortex. Only on al Jazeera America. Al Jazeera America presents a Breakthrough Television event. Borderland. Six strangers. Lets just send them back to mexico. Experience illegal immigration up close and personal. Its overwhelming to see this many people that have perished. Lost lives are relived. All of these people shouldnt be dead. Will there differences bring them together or tear them apart . The only way to find out is to see it yourselves. Which side of the fence are you on . Borderland, sunday at 9 eastern, only on al Jazeera America. Discounts and bigger incentive program. G. M. Had its strongest july sales in seven years. I dont know where this is coming from. At the same time ford sales grew by 10 . Its best july since 2006. Chrysler saw a 20 gain in fairness off of a much lower base, but thats its biggest july since 2005. Sales of Chrysler Jeep brand rose 41 . Analysts forecast sales this year could approach the peak we reached in 2000 of 17 million vehicles. Nobody expected that to happen. There is another side to this robust auto sales. They say its too easy to buy a car. Interest rates are lower than ever and a growing number of these loans qualify as subprime. Theyre being made to pore borrowers who may not be able to pay them back. Zero percent up to six years. Reporter auto sales are at an eight year high with deals too good to pass up. 10,000 off a chevy volt. 8,000 off a cadillac is he dean and 6,000 off a hyundai. The deep discounts and easy credit terms have consumers flocking to their local dealers. Buyers can get a new car loan with as little as zero percent interest although the average hovers around 4 . The amount consumers are financing is at an alltime high according to reports from expeeran automotive. The average car loan totaled 27,000 in early 2014. Thats up nearly 1,000 from last year. Bad credit, no problem. Expeeran said a third of auto loans are classified as subprime. Those made to people with a credit score of 660 or less. And theres plenty of time to pay the money off. The average loan term is now 66 months or about five and a half years. All this easy money has prompted talk of an auto bubble among some industry analysts. In june a federal agency that regulates a countrys banks echoed those fears in a report writing, quote, signs of risk of auto helping are beginning to emerge. In the meantime u. S. Auto is surging on. The Compensation Fund for victims of its faulty ignition switch is open for business. G. M. Is allocated 400 million to cover victims claims but that number could go up. Prompting recalls of 2. 5 million cars. People who accept the wayout will have to drop any lawsuit they filed against the automaker. G. M. Is encouraging anyone who was injured or lost a loved one because of accidents related to the defect to submit a claim. Now General Motors will have to expand the size of the Compensation Fund and issue more recalls. Thats what was said an accomplished journalist and detroit native who has followed the Auto Industry for years. Mickey joins us now from phones. We all news that you were that good of a journalist but im glad that this new job recognizes it as well. Lets go to g. M. I want to talk about the auto sales, actually. I dont think we would have guessed that we would have reach