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They are working their fingers to the bone, more than 40 hours a week and barely able to get by. >> you are right. the report that showed over the next decade, the occupations with the most growth of jobs are retail, food preparation and home health aides. >> that is the growth of the job market. not the same wages of jobs that we have seen before. some of the jobs are fast food jobs. a lot of growth there. we have seen a movement, andrew, to unionize the food workers. will those jobs exist in ten years? will technology replace them? are we looking at the low-wage job explosion with the 20th c...

1995 or george w. bush and tony blair in 2001. stay tuned and we'll tell you the correct answer. this week's book of the week is the one we were talking about, "the second machine age" which erik brynjolfson and andrew mcafee. it combines a powerful understanding of technology and economics to shed light on one of the most important trends at work in the world. even ibm's super computer watson couldn't have written a book this smart, yet. and now for the last look, china is home to the world's fastest train, longest bridge, largest free-standing building, longest wall and the biggest source of...

Easily and effectively reduce poverty in most countries. it's less clear what to do about the super rich. but frankly, if we can help the poor move up, it matters less to me at least that the rich move up even faster. but the great problem, the largest one involving the most people, is the great stagnation. middle-class people have seen their incomes stagnate for decades now. and with technology taking away work and globalization outsourcing jobs, these trends have actually intensified in recent years. a new book, "the second machine age," argues that in the first machine age around the indust...

Capability, iran's capability, and we know what capabilities the israelis have for that matter. so with all of these in mind, these are empty slogans. when it comes to practice, the israelis cannot do that. if they do such a crazy thing, our response will make them rue the day. >> mr. president, you are now at the center of the world, and i think it's fair for people to wonder who are you? and so there are some people who say that you are a real liberal in the iranian system. there are others who say that you are a wolf in sheep's clothing. how would you describe yourself? >> translator: i am ...

Managers, all played a large role in manufacturing a product. in the second machine age, the authors argue, we are starting to automate cognitive tasks. control, judgment, calibration. the machines are replacing human control and cognition. they can make more consistent decisions than can humans. and the effect is massively compounded because of new information technologies like big data. the result -- you don't need many people. you can see it in the numbers. general motors, when it was one of the world's biggest companies, employed around 600,000 americans. apple today, one of the world's ve...