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From all the kinds of issues and the concerns of 300 million americans. and i think the administration for its part needs to have a better understanding of the problems that business is facing and try to relate to those more. so i think they both have a way to go and i think both of them have to work to find some way of interacting more effectively because i think there is a real strain and the strain and uncertainty has a confidence effect and i think that really does affect investment and hiring. >> paul, one of the things people are trying to figure out is is this economy moving, where does...

Of industries require a level of skill, educational level that we're not producing in this country. we're not producing workers who have the skills to move up the next step. so we got a competition for high-paying, high-return jobs, and we're not, in america, investing in the skills of our workers to allow us to compete in those industries today. >> so globalization and technology acted like a one-two punch, strengthening american companies but putting pressure on the american worker. the knockout blow perhaps came with the global financial crisis and ensuing recession, which put companies in ...

While most low-wage jobs have actually grown and highway jobs have mostly remained flat over the past two years, middle-class jobs have declined. i call it the hollowing out of the american middle class. to help us figure out why this is happening and how to fix it, i've gathered four of america's top businessmen. we're often reminded that it is business, not government, that creates jobs, and many complain that we don't hear enough from businessmen. so now we will listen for much of this hour to four leaders in american business, in global business, who have worked in an incredibly diverse se...

Years, including 13 running alcoa, and that is don't hire people unless you have somebody demanding goods that you can't produce with the people you already have. right? so it seems patently unrealistic to me to urge people to spend money unless there's a demand that they're not able to satisfy with their existing resources. so -- >> and capacity utilization, that is, the plans in factories are not at full capacity. >> exactly. there are still a lot of plants that are shut down or running on partial schedules. and until there's a reabsorption of that latent capacity people are not going to bui...