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People toil for years on this low-wage job, but they don't. they are only on the low rung of the ladder for a short time. that's why it's low-paying and a low rung. keep it low -- >> bob: how do you know that? >> greg: i studied it. low paying job has to be on the low rung to get people up on that. if you make the low rung high paying the unskilled worker can't get up there and move up. that is why the biggest myth of all time is sweat shots are bad. sweat shops for emerging economies and workers with no skills and over time the country moves away from it. >> bob: first minimum wage job i had ...

Discussions was with harvard business school professor, michael porter, whose new project aims to help american companies compete on the global stage. >> michael porter still teaches, he's, like, iconic. but i'm, like, a little person. he's a big deal. so now i'm at the table with him. >> professor. >> this is, like, wow! >> you wept to harvard business school? i would have never guessed. >> i know. >> keep it low. keep it low. >> not that there's anything wrong. not that there's anything wrong. >> yeah. very good to have you. >> on u.s. competitiveness, where do you come down on this? >> well...

♪ i let my pants hang low, nobody move until i say so ♪ ♪ cock the .40 cal back you ain't never had no beef like this ♪ ♪ i keep on the clips hit the streets by 6:00 ♪ ♪ i'm going to take off his neck not a terrorist threat ♪ >> get down! get down! get down! >> middle of my [ bleep ]. middle of my [ bleep ]. >> it always go down. >> it always goes down when it's you. >> keep it on the ground. keep it low. ♪ give me the burner real quick might as well take off his neck ♪ ♪ call me bin laden i'm a terrorist threat ♪ ♪ so my guns is quick to blow just like eliott ness â™...

That ♪ ♪ i let my pants hang low, nobody move until i say so ♪ ♪ cock the .40 cal back you ain't never had no beef like this ♪ ♪ i keep on the clips hit the streets by 6:00 ♪ ♪ i'm going to take off his neck not a terrorist threat ♪ >> get down! get down! >> middle of my [ bleep ]. middle of my [ bleep ]. >> it always go down. >> it always goes down when it's you. >> keep it on the ground. keep it low. ♪ give me the burner real quick might as well take off his neck ♪ ♪ call me bin laden i'm a terrorist threat ♪ ♪ so my guns is quick to blow

This message. >> what do you do on day one? joinings us, moderator of "meet the press," david gregory, eugene robinson. stephen rattner is still here. donny is in the kids seat. keep him there. >> michael porter taught when i was there. he's iconic. i'm a little person. now, i'm at the table with him. >> you went to harvard business school? i would never have guessed. >> i know. >> keep it low. >> yeah. >> not that there's anything wrong. not that there's anything wrong. >> very good to have you. >> i get to grill him. >> you are going to grill him. i'm going to talk with the mott ray tor of "...