the labor market, we are here to try to talk about the role of the labor market. it actually explains an increasing share of the variance of prices, more so than i thought. we still have -- that doesn't undermine the opportunity that i mentioned. these gains, by the way, the gains that i'm going to talk about and show you that are engendered by this opportunity, they're not just about equalizing wage pressure. i've been working on this area and the benefits of full employment for a long period of time. i tend to emphasize how the elasticities are larger for lower paid workers. that's important. in that sense full employment is equalizing. what i'm going to talk about today is opportunities for people left behind on the labor supply side. the kind of conical story. this is just the unemployment gap plotted against a components mashup of five different wage theories. the two things i wanted to raise about this today is the first which is consistent with my theme which is that less page price pass-through which is the implication of this and something we've already h

it's all about the labor market. panelists.o great the first we'll hear from a rinciple economist in the prices and wages section in the division of research statistics. some context e that's the section that's preparing the forecast of inflation and wages fomc.rices for the we've been long time colleagues and i want to assure any lawyers none of our that conversations should be nterpreted to constitute my making a request of the federal fomc.ve system or the i think we're clear. our second panelist is jared senior fellow at the center on budget and policy priorities and he's been very years thinking about the labor market, nequality and macropolicy from his position both in the obama administration and in various think tanks here in d.c. and you read more about his thoughts on the economy. let me turn the presentation over to them. >> thank you very much. steph. here.a pleasure to be .> thank you chlt of making e spirit disclaimers i should say the they don'tssed here, necessarily reflect the views of colleagues of

as you know, this was just confirmed, the 28th secretary of labor. by a substantial vote in current politics. 53-40 four. i call that a landslide. in this administration, i call it a landslide. he is one of the most qualified people ever confirmed as secretary of labor and he will use his skills as he has over the years and he has built an extremely distinguished career to fight and win for the american workforce. he is a tremendous lawyer -- bachelor's degree at the university of virginia and went on to the university of chicago where he earned a law degree. 2003 he served as the top legal officer at the department of labor so he is very familiar with the environs. he earned a reputation as a brilliant and unbiased defender for the rights and protections of the american people. he moved to the private sector after his government service where he really became a tremendous force and very successful. he fought in some of the highest courts of our land and worked to overturn bureaucratic overreach and unfair job killing regulations. that sounds very fa

i'm proud to be a member of a labor party and want to continue to be a member of the labor party represented in parliament if i get the opportunity chris williams and thank you well we covered the iraq war with g c h q whistleblower catherine gunn played by keira knightley in the new film official secrets on this show since april garcia the general director of the statement a b.b.c. has got back to this programme about allegations of the film he told us the film is not a documentary and its portrayal of me is not fair or true i don't recognise any of what i'm supposed to have said and done that no one checked anything with me i wasn't involved in the story in the way portrayed and the films characterisation of my role and opinions about the story are untrue as the filmmakers know well take your pick believe the editorial director of the b.b.c. or the director of a new film outlining the subversion of democracy at the un and here in britain let's now turn to another argument attempt to subvert democracy joining me is going underground deputy editor charlie cook charlie haven't seen you for a

, interesting that it wasn't attention attention labor labor. talk about that asymmetry. >> i haven't checked in about this. and how we think about buyers and sellers. you need more training and economics, how we treat labor like we talk about any other product has always confused me, and demand somebody's attention and somebody can supply or provide that moment of service. to turn that 2-sided market into an equitable exchange and a better model for us and a way forward. you recognize individuals as sole proprietors and shore up the other means of the mainstream chambers of commerce involved here to see these individuals, sole proprietors and information, but we have seen before but no less valuable as providers. >> there is a book in michigan, she has a book on private justice. please go ahead with your question. >> a phd student, this is fascinating. i want to point out textile workers. i have a friend my age from laos to canada and ten years ago, illegally as part of this vast network. i'm curious, the informal sector is 3 quarters of jobs i

we had taken this labor and were using this labor and now we wanted to get rid of this labor. by the middle of the 1950's, during the eisenhower administration, there was an operation called unfortunately operation wet back, which was designed to dump even more mexicans out of the united states and across the border. in all, a little over a million were deported during operation wet back. this is the kind of love-hate relationship with labor from abroad that america had had for a long time. here it was, with respect to our southern neighbor. we wanted them when we wanted them because we needed their labor, and when we did not need their labor anymore, we wanted them to go home. by 1964, the formal agreement between the two governments is ended and that is the end of the program. but it is not the end of migration of labor back and forth across the border by any means. mexican labor is simply too important to american growers. in addition, it helps the american growers to keep the price of produce low. they are working the mexican laborers way below what you would have to pay a

the labor market, we are here to try to talk about the role of the labor market. it actually explains an increasing share of the variance of prices, more so than i thought. we still have -- that doesn't undermine the opportunity that i mentioned. these gains, by the way, the gains that i'm going to talk about and show you that are engendered by this opportunity, they're not just about equalizing wage pressure. i've been working on this area and the benefits of full employment for a long period of time. i tend to emphasize how the elasticities are larger for lower paid workers. that's important. in that sense full employment is equalizing. what i'm going to talk about today is opportunities for people left behind on the labor supply side. the kind of conical story. this is just the unemployment gap plotted against a components mashup of five different wage theories. the two things i wanted to raise about this today is the first which is consistent with my theme which is that less page price pass-through which is the implication of this and something we've already h

we had taken this labor and were using this labor and now we wanted to get rid of this labor. by the middle of the 1950's, during the eisenhower administration, there was an operation called unfortunately operation wet back, which was designed to dump even more mexicans out of the united states and across the border. in all, a little over a million were deported during operation wet back. this is the kind of love-hate relationship with labor from abroad that america had had for a long time. here it was, with respect to our southern neighbor. we wanted them when we wanted them because we needed their labor, and when we did not need their labor anymore, we wanted them to go home. by 1964, the formal agreement between the two governments is ended and that is the end of the bracero program. but it is not the end of migration of labor back and forth across the border by any means. mexican labor is simply too important to american growers. in addition, it helps the american growers to keep the price of their produce low. they are working the mexican laborers way below what you would

in mali he talks about kate and in money presumably not the labor m.p. in mali he talks about kate hoey and says he can't see you see who is surviving the election anyway well of course quixote and says he can't see who is surviving the election anyway well of of course he who is actually one of the the many talented members of parliament who are known to the time they don't think he's actually one of the the many talented members of parliament who are known to the time they don't think talented women members of parliament so john burkle tightened his talented women members of parliament so john burkle tightened his is going immaculately and yes to be presided over these last prime minister's question is going immaculately and yes to be presided over these last prime ministers. aston's she's a tightening from the chair so let's remember for one last time the entrance she is a tiny from the chair so let's remember for one last time the enter ones we shall all be missing but this is because i know the whole house will water ones we shall all be missing but

labor party and again just my guest will be the tories are probably going to be the labor party and they gave us my guest will be the tories so the been there simply the liberals both thought they could make gate. when they're simply the liberals both thought they could make gate. there for the logic in the election but might end up with abolished there for the logic in the election but might end up with abolished doesn't have a comfortable majority and 5 years of partly do you think doesn't have a comfortable majority and 5 years of partly do you think it's just cut and dried to start from johnson or do you think the selection of a love hate blacks are just cut and dried to start from johnson or do you think the selection of a love hate blacks have many twists and turns i think mr mr pickett is an interesting analysis many twists and turns i think mr mr pick is an interesting analysis he may be right but that's consider the conservatives are going to lose their seats in scotland he may be right but that's there's consider the conservatives are going to lose their seats in scotland they'

labor leaders and others forced me to do it. labor leaders and others force me to do it. what he meant is you go out and demonstrate we're going to hurt 10 minutes is to go out and demonstrate we're going to protest. to build up the labor movement. when the popular pressures fission best develop the labor movement. when the popular pressures fission i'll be able to put through the legislation i am not for a we're. going to be able to put through the legislation i am not for a we're. build that definition of a day and on which. definition of a day and hour which many say 3 people were being gradually regimented and say 3 people were being gradually a regiment in. this thread will say. that i never thought of that but there brought out information. so there was so there was a kind of coming to a combination of a sympathetic government and by the mid thirty's their nation of a sympathetic government and by the mid thirty's very substantial spoke to his roots it. is possible they were in the history of black should they were industrial action they were to sit down straight to

and our focus is on the labor market on how we make the labor market function while for as many workers as possible, but that is where we see this as the opportunity and also the challenge. the lesson if you read the report from just last week one of the things we say is coming and i'm kind of critical on this with a well functioning labor market is the foundation for tha healthy middle class and the political system and without the foundation of opportunity and prosperity it is difficult for other things to work well. so our focus is on making the work work and that is why it is such an honor to have mary here today from the indiana university research talking about her book and here is a photograph and here is the actual person. just to give you a tiny bit of background, the earlier work has been on the sort of communication and use of technology of young people and how they use technology and other means to establish identities and to identify one another and maintain anonymity. she was recruited by two microsoft researchers to work on projects and once the air, got interested in the

priority is labor law. i have to talk to labor unions. we will propose 74 laws under the on the this law's licensing can be sympathized. -- simplified. this will provide jobs. >> if i'm a new worker getting new labor laws, does that mean the severance terms will be much less generous? indonesia has some of the nicest firing laws in the world. you can sometimes get 90 months of pay. will that change? what will actually change for the new workers? will they be easier to hire and fire? year, there are 3 million new workers in the job market. they must begin in room to enter the job market. we want to address investor complaints. we have to revise the law. we hope more investment will create competition among companies to get better workers. market mechanism will increase pay. >> you have this negative investment list which you have also said that you would fully such as25 sectors telecoms and education. that has not happened yet. do you have a timetable to open up those sectors where you can fully by companies in indonesia? still in process.

we had taken this labor and were using this labor and now we wanted to get rid of this labor. 1950's,iddle of the during the eisenhower administration, there was an operation called unfortunately operation wet back, which was designed to dump even more mexicans out of the united states and across the border. in all, a little over a million were deported during operation wet back. of love-hateind relationship with labor from abroad that america had had for a long time. here it was, with respect to our southern neighbor. we wanted them when we wanted them because we needed their labor, and when we did not need their labor anymore, we wanted them to go home. 1964, the formal agreement between the two governments is ended and that is the end of the program. but it is not the end of migration of labor back and forth across the border by any means. mexican labor is simply too important to american growers. in addition, it helps the american growers to keep the price of produce low. they are working the mexican laborers way below what you would have to pay american workers to do the same job

party in the opinion polls boris johnson is more popular than jeremy kolbe in the labor party leader but the conservatives the nervous because they were also 10 pin points ahead in the opinion polls back in 2017 and look what happened there because jeremy tobin calls up then with a reason maybe then conservative leader is also the case that many conservatives want to get breaks it done and say that breaks its own 1st and then have a general election because the population will infanticide having managed to get britain out of the european union because there is that gentleman waiting in the wings knowledge will for all of the worry well known member of the european parliament who will come roaring back he will essentially say this brics deal that boris johnson is negotiated that's not a real bracks it we want a real and radical brights it out and out now and boris johnson fears that he would lose support to the brakes at party and not much allow opposition parties in and so that's the reason for the nervousness winter is also coming and no one really likes doing election campaigns in

it wasn't attention, attention or labor, labor. can you talk about that? >> who purposely put those words to be able to resonate with where we think about supply and demand and how we think about buyers and sellers. i need more training and economics. trying to understand how we have come to treat labor like we talk about any other project it always confuses me. as a powerful relationship when someone can demand somebody's attention and someone can supply or provide the moment of service. right now that is an asymmetry. what would it look like to turn that two-sided market into an equitable exchange. were talking about businesses. we might not have a better model for it. and really sure up what it means that this is this is a new main street. information workers her last name escapes me. she has a book called private justice. it's all about the power relations please go ahead with your question. >> this is fascinating, thank you. i wanted to point out that you are mentioning textile workers. sewing buttons about ten years ago it illegally as part of this v

participation in the labor force by people in their prime working years has been increasing. and waging have been rising, particularly for lower paying jobs people who live and work in low and middle income communities tell us that many who have struggled to find work are getting opportunities to add new and better chapters to their lives. this underscores for us the importance of sustaining the expansion so that the strong job market reaches nose left behind. inflation continues to run below our 2% objective total pce inflation was 1.4% and core inflation was 1.8%. inflation pressures remain muted and indicators of longer term inflation expectations are at the lower end of their historic ranges we're mindful that continued below market inflation could lead to a downwashed slide however, against the backdrop of a supportive economy, we expect inflation will rise to 2%. overall, we continue to see sustained expansion of economic activity, a strong labor market and inflation near our 2% objective as most likely while this has been our outlook for quite some time, our views abou

classes had helped labor, a special manual labor and the making of money in contempt. even someone who ran a business, say a printing business with 20 employees was nonetheless considered to be involved with manual labor and thus contemptible, such men who worked for a living, aristotle said, could never possess virtue and could never exercise political leadership. perhaps nothing, nothing came to separate the north from the south more than they are contrasting views of labor, the south dominated as it was by leisure slave holding planters could scarcely conceive of labor as anything but despicable and shameful, slavery as it had for centuries going all the way back to the ancient creeks required a culture that held labor in contempt, scorn for work and the holding of slaves were two sides of the same point, the north developed very differently in, the several decades following the revolution the middling man of the north using egalitarian rhetoric of the revolution lost a wholesale campaign against aristocrat who had scorned them for ages, they urged each other to she

stolen a march on the labor party by forcing the selection to the extent in an expedient way the labor party by forcing the selection to. stance in an expedient way they have just once and wanted an election they've made a calculation they think they can gain seats and they have just once and wanted an election they've made a calculation they think they can gain seats in remains sympathetic areas she's probably right but there's a bigger mistake in remains sympathetic areas she's probably right but there's a bigger mistake here and we've just been discussing that sees more or less squandered the opportunity and we've just been discussing that sees more or less squandered the opportunity for a referendum in preference to a general election the general election will be the referent for a referendum in preference to a general election the general election will be the referendum and if boris johnson does well and if the lib dems don't make much impact brandon and if boris johnson does well and if the lib dems don't make much impact there let's assume labor's kind of abstaining on the momen

party and where does labor play out in all of this we heard now that jeremy corbyn is saying yes he might want to go on a go ahead with a general election what would likely be the result. it's for labor i think it could be disastrous he seems to be getting into the detail of that with just days nobody wants to hear any detail the more it's a binary decision brags that now yes no and he's saying this deal that has been negotiated is worse than trees amazed that it would undermine workers' rights and so on in the u.k. because britain might want to sort of undercut the rest of the european union and becomes a competitive singapore in the thames but this is he's getting into detail at the end of the day people trust german core and i think the answer is really no and there's been this terribly damaging thing about the summit but i do some it is within the labor party labor party's been consuming itself i mean it almost doesn't need an opposition party like the tories it's fighting itself i don't really know how attractive a proposition labor is at the moment as leader but of course that

where is the labor market? labor market conditions are turning the other way, too. we have heard repeatedly the talk about a tight labor market condition. we should not forget that labor market tightness is a late cycle thing. it has been written about the late market cycle and that is a market where the cost of labor is increasing at a faster pace, relative to the activity in the labor market. we will have a shift between employment and the cost of labor and that is generally not positive for risk appetite. francine: are we going to see a recession because of that? >> we could talk about the from the yeark 1999-2000. thatve dollar strengths the asian economies have to deal with, latin american is going down. -- a lot of things are currently happening in that could lead to dollar overvaluation and in equity market in america that was booming. there is one major difference between the two. at least we have investment activity in the u.s. it is an important point. are dated images that show the tension into friday in hong kong. the important announcement that masks ar

party in the opinion polls boris johnson is more popular than jeremy kolbe in the labor party leader but the conservatism nervous because they were also 10 pin points ahead in the opinion polls back in 2017 and look what happened there because jeremy tobin calls up then with a reason maybe then conservative leader is also the case that many conservatives want to get breaks it done and say that breaks its own 1st and then have a general election because the population will infanticide having managed to get britain out of the european union because there is that gentleman waiting in the wings knowledge will for all of the worry well known member of the european parliament who will come roaring back he will essentially say this brics deal that boris johnson has negotiated that's not a real bright sit we want a real and radical brights it out and out now and boris johnson fears that he would new support to the brics policy and that might allow opposition parties in and so that's the reason for the nervousness winter is also coming and no one really likes doing election campaigns in novem

just the labor market and the tightness with the labor market, but if you do just look at the cyclical part it certainly is correlated with tightness in the labor market. so i believe there is still this relationship and that we can use it to help predict inflation. that said, you have to recognize that there are these acyclical factors affecting measured inflation, and so i think you want to be careful about sort of trying to explain everything that's going on in the labor market. so that means if you see a shot and it may take longer to get back to the inflation target that would otherwise with the communications point of view and you may want to be thinking about a range as opposed to a point target because you have these shots that will move inflation off of your target even if your trend inflation rate is moving up. so there are implications for how you think about how you communicate your target and i think the results we saw today with the inflation expectations are provocative and it makes you think about a different way of communicating and a different way of thinking about th

>> not for us to say what the appropriate labor arrangements will be. i will just say on the general motors strike it's likely to have taken away a couple tenths of growth this quarter. that's likely to come back maybe over the first half of next year. i think it's good to see it settle vote or comment on what the appropriate labor arrangements are, that's a little bit far afield from our task here. thank you. >> wondering if you would categorize the current stance of monetary policy as accommodative or if it's just neutral was lower than we thought at this time last year. secondly, we are now two years removed from the tax cuts and jobs act. you mentioned a fiscal policy and supporting long-term growth is it fair to say that the tax cuts and jobs act work the way it was supposed to? >> what was your first question? >> Ã >> okay. if you look at where the federal funds raised trading it should be in the middle or lower half of the range of 150 Ã175. that means the real rate is probably modestly below zero. i think my own sense would be that that somewh

the statement says that the labor market remains strong. consumer spending is rising at a strong pace. the fed also sees business investment and exports remain weak. in the two statements two fed precedents dissented, kansas city president esther george and boston president rosengren dissented that is the third time they both dissented. jim bullard did not dissent on decision. he thinks this is where the fed needs to be with the 25 basis point cut. he believes this is enough. he wanted since last meeting, he want ad 50 basis point cut. this time he got the level he believes. fed lowered rate on excess reserves to accompany rate cut is 1.55%. the big news, the federal reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. charles: edward, thank you. here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor danielle dimartino booth, paul schatz and former jpmorgan chase chief economist anthony ch

labor leaders and others to get it passed so even for labor leaders and others forced me to do it. what he meant is. force me to do it. what he meant is going to demonstrate we're going to protest develop the labor movement demonstrate we're going to protest develop the labor movement. when the popular pressures fission and be able to control the legislation. when the popular pressures fission and be able to control the legislation you know i am not for a we're. still last definition. i am not for a were. killed last definition of a day and hour which many. people what i don't which many say 3 people were being gradually regimented into. being gradually regimented into the. field. i prefer that brought them from a. field. i prefer that brought out information. so there was a kind of a combination of a sympathetic government. so there was a kind of a combination of a sympathetic government and by the mid thirty's and it's about today the interim it will be 30 or excuse me is just very recent stanch will be directive as. they were industrial action there were. 6 there were industrial

we're all friends with labor, but it does jump out with me that labor is not a part of this committee and has not been. we are enthusiastic about the continuation of these efforts, but primarily for the following reasons. we believe that there's a lack of transparency in this space. while we want people to get paid and we want to expedite those processes, on the back end, we do believe there should be an enforcement mechanism in connection with transparency and accountability measures. we've seen too much fragmented approaches to workforce development especially with the lowest paid workers. what happens as a result of lack of coordination is we undermine the minimum labor standards for people that have already been provided a real career opportunity, instead, cannibalizing these strong wage positions, we need to be thoughtful how we expand that through preapprenticeship and apprenticeship and a real pathway together. thank you so much. >> chair ronen: thank you. any other public comment? seeing none, public comment is closed. [gavel]. >> chair ronen: supervisor walton? >> supervisor

foglio from the laborers' union. i guess in addition to all of the really important work that you -- you guys are doing to ensure labor rights for workers in this emerging industry, what ideas do you have about how we could strengthen career pathways for victims of the war on drugs and other disadvantaged community members here in san francisco? >> well, again i think using your power, the power of the permit to tie requirements to that. i go back to the thousand-plus workers who drive for facebook, apple, all of these companies, who organized because this body urged the sfmta to put a laborer piece requirement in for those companies to be able to use our bus stops. every single employer in this industry is coming here to ask for a permit. and again local hire could be attached to that. across the bay, in oakland, we got a 50% local hire requirement attached to the development of the oakland army base project. so you have all of the power and i believe you have the support of labor in attaching local hire requirement

more risk than i've seen in my lifetime 25 years campaigning and standing for office the labor party i've never known an election so risky for the 2 main parties but it's really kicked off in style today and one of the biggest criticisms leveled at jeremy corbyn is that he's hazy on breaks in something that boris johnson certainly isn't he's got a clear withdrawal agreement that's been gathering pace and support and speed in parliament he feels that he now has the backing of the country as well surely the conservative party have this in the back they have no election in the bag we will remember in this country but 2 years ago when the then prime minister trees in may started in the election over 20 points ahead in the polls i think we've all but the polls don't really mean anything and it's highly likely that conservative and the labor party's are going to be really facing each other in the key contests in this election and that's going to depend on knocking on doors it's going to depend on money the right candidates but it's definitely not over before it started and the prime minist

the summit as within the labor party labor party's been consuming itself i mean it almost doesn't need an opposition party like the tories it's fighting itself i don't really know how to try to proposition labor is at the moment this leader but of course that's for the bridge voters to decide the labor but now has a relatively clear position it says it wants a 2nd year referendum it's taken labor 3 years to come to a relatively clear position so ultimately if you want britain to remain in the european union you can have relatively safely vote for either labor all the little democrats or the greens always cultures national party whichever might have the best chance in the constituency in which you live that might save them but a 2nd referendum 2 years ago perhaps by the fence enthusiasm at this stage even friends of mine who want to stay in the european union they say even they are saying that for exit on which is a classic tory populists expression clearly the outcome of any vote would depend on public opinion as and as as we're hearing opinion in britain is increasingly polarized let'

and labor corruption. so that is one historical irony. and he's convinced if he could get rid of hoffa it is a mob influence. he did but he also kept them at bay and was in charge. and that led much more to infiltration of the teamsters union and that kennedy did not expect. and trying to get it back and really it was the mob from 1975 that with the tools the government had given them in the sixties and seventies and to put massive resources on the hoffa case and to say my god we have labor racketeering it's much worse than we realize and this is the time to get together the resources and the tools to be fairly successfully and then jimmy hoffa were still in the street there would still be more mobsters on the street. finally the book, this is the hardest topic to summarize it is about fathers and sons and treachery and loyalty and forgiveness jimmy hoffa lost his father at seven years old and and hoffa really never had a father figure. and the senior mob leader of detroit and chucky lived in revered both

party and where does labor play out in all of this we heard now that jeremy corbyn is saying yes he might want to go on a go ahead with a general election what would likely be the result. it's for labor i think it could be disastrous he seems to be getting into the detail of that with just days nobody wants to hear any detail any more it's a binary decision brags that now yes no and he's saying this deal that has been negotiated is worse than trees amazed that it would undermine workers' rights and so on in the u.k. because britain might want to sort of undercut the rest of the european union and becomes a competitive singapore in the thames but this is he's getting into detail at the end of the day people trust german core and i think the answer is really no and there's been this terribly damaging thing about the summit but on the summit as within the labor party labor party's been consuming itself i mean it almost doesn't need an opposition party like the tories it's fighting itself i don't really know how to try to a proposition labor is at the moment this leader but of course th

they cut the cost of labor by having people know if they cut the cost of labor they cut the cost of labor by having people know it's seen as employees but is so-called self employed delivering services in his employees but is so-called self employed delivering services. if they're self employed delivering services they have no trade union rights if they're self employed delivering services they have no trade union rights they have no holiday pay their sick pay they tell you all take all the risks in that they have no holiday pay their sick pay they tell you will take all the risks in this case of drivers. hiring their own van of buying their own van in this case of drivers. hiring their own van of buying their own van incurring costs and terrorist think. and get their way and you just get they did is they depend depend on totally on the hours they put in and then my need to work 12 hours a day to get a basic living totally on the hours they put in and then my need to work 12 hours a day to get a basic living wage so the increase in exploitation is massive in way so the increase in e

it is not just the labor market. beenade uncertainty has important for the weakness in manufacturing. i have talked to so many business executives, manufacturing executives, who have indicated there is a good deal of uncertainty. >> it certainly is correlated with the labor market. >> we are seeing the economy slowing somewhat. we want monetary policy positions to keep the economy growing at a stable pace. everybody has felt much more cautious and we have not seen an increase in investment we expected on the heels of very aggressive tax cuts and corporate tax reform. are just some of the fed presidents commenting on a weakening u.s. economy. disappointing data forms a -- forstic backdrop of the jobs number coming out later today for the month of september. let us look ahead to the nonfarm payrolls number. dani burger joins us with more. >> you said it. it's hard to remember a more highly anticipated job report than the one today. the trade war and manufacturing recession are stirring to permeate throughout the econom

she talked about labor's record. because of labour's economic mismanagement, we have seen unemployment rise by more than a quarter. we are proud -- female unemployment at record lows. i believe i am right in saying that the shadow home secretary has had her six questions. [jeering] >> margot james. >> does the right honorable gentlemen agree that legislation to establish a tough independent regulator of internet companies empowered to challenge the automatic right to anonymity online should be a priority for the queen speech? >> we want to make companies more responsible. especially for children. it also sets out measures to reinforce powers to issue fines if those companies put them at risk. >> it is a disgrace the prime minister is not here. since he was elected in july, he has only been to one prime minister's questions. quite simply, he is running scared. mr. speaker, right now, the prime minister is setting out his brexit fantasy. a deal that he knows is unacceptable and doomed to failure. when it fails, the gov

of labor rights and the basic principle in the international labor organization of labor rights and the basic principle in the international labor organization. it is the radiator for free association. which which would mean in their right to differ from unions and us has never been unions and us has never been gratified and. that's why i think the us he was best to be alone be alone among major arsons at 98 years and never suspect that he's in that respect. it's considered so it's considered so far out of the space for carter manto's officially spectrum american comerica poet politically exit leader literally has never been interventions considering. her remember that it is the years are. long gone and a very very violently labor history is littered with. society. had been very little. has been very strong and in about 1120 years. and in the period commonly liked to good day it was virtually crushed robert reich. who was robert. reich. in retreat. by the movements if there is if you can be convinced mr. roosevelt he himself was rather sympathetic to progressive legislation or roosevelt

to sell their labor in a market. based on theiras equal subjectivity to a common denominator. that common denominator was god. in that religious context, my relationship was god was equal to yours, which means you and i are equal in our relationship to god, that is always framed by a relative concept. christianity, as we know, looking at the survey of world religions at that time, is a relative concept. if you are outside the christian world, the scope of that god, you are not necessarily equal. that notion of equality was bound by the christian world. people in the islamic world where outside that scope, recognized as infidels. the islamic world was powerful. you don't see christian states having the capacity or power to enslave islamic states. for those people in sub-saharan africa, outside the scope of christianity, they become eligible for enslavement because they are not christian. they are not entitled to the natural rights of man, the value of their individuality, freedom, labor. they become eligible for ensla

their labor costs by finding work labor that fit to reason have no responsibility to lower their labor costs by finding work labor that fit teresa have no responsibility no holiday pay no sick pay no long term commitment to the t. no holiday pay no sick pay no long term commitments haarlem far overnight so that way labor is cheaper says this constant haarlem far overnight so that way labor is cheaper says this constant downward pressure on labor costs and that means it must downward pressure on labor costs and that means it has to mean more exploitation and in the last 10 years 2 thirds of new job to mean more exploitation and in the last 10 years 2 thirds of new jobs are now precarious work so that means is not full employment are now precarious work so that means is not full employment certainly not full employment it is precarious workers hanging on. certainly not from employment it is precarious work is hanging on by the skin of 80 and they know the problems of debt and deficit leads to homelessness by the skin of 80 and they know the problems of debt and deficit leads to homelessn

party in the opinion polls boris johnson is more popular than jeremy kolbe in the labor party leader but the conservatism nervous because they were also 10 pin points ahead in the opinion polls back in 2017 and look at what happened there because jeremy kohl been caught up then with a reason maybe then conservative leader is also the case that many conservatives want to get breaks it done and say that get braces and 1st and then have a general election because the population will infanticide having managed to get britain out of the european union because there is that gentleman waiting in the wings knowledge will for all of the worry well known member of the european parliament who will come roaring back he will essentially say this deal that boris johnson is negotiated that's not a real bricks it we want to real and radical brights it out and out now and boris johnson fears that he would new support to the breaks that party and that might allow opposition parties in and so that's the reason for the nervousness winter is also coming and no one really likes doing election campaigns in

they cut the cost of labor by having people know they cut the cost of labor they cut the cost of labor by having people know it's seen as employees but it is so-called self employed delivering services seen as employees but is so-called self employed delivering services if they're self employed delivering services they have no trade union right if they're self employed delivering services they have no trade union rights they have their holiday pay they sick pay they tell you all take all the risks they have no holiday pay their sick pay they tell you will take all the risks in this case of drivers. hiring their own van of buying their own in this case of drivers. hiring their own van of buying their own van incurring costs and yet the wages they get depend on incurring costs and yet the wages they get depend. i'm totally on the they put in a name i need to work 12 hours a day to get a basic done totally on the hours they put in and then my need to work 12 hour day to get a basic living wage so the increase in exploitation is massive living wage so the increase in exploitation is massiv

plus qatar promises to reform the labor laws for the migrant workers and building the venues for the 2022 world cup will it be enough to improve the dire conditions they face. i'm carl kasell and welcome to the program reports are coming in of new findings in a border town in northeastern syria despite a ceasefire brokered by the united states other towns do appear to be calm at this moment turkey agreed to suspend its military operation for 5 days to allow kurdish forces to withdraw ancora has hailed the deal as a victory for turkey saying it got quote everything it wanted. sporadic clashes and artillery strikes are hitting the syrian border town of. this just hours after top turkish and u.s. officials agreed to impose a pause in the fighting in the region. today the united states and turkey have agreed to a cease fire in syria. turkish side will pause operation few spring. in order to allow for the withdrawal of y.p. g. forces from the safe zone. for $120.00. the americans claim to the 5 day cease fire as a diplomatic victory but the kurdish y p g militia was not at the table for t

i do think what sets the labor apart is our open door policy. any community member who is willing to enroll in a preapprenticeship program or apprenticeship program in order to scale up and be successful, will have an opportunity to make prevailing wage, with a pension and healthcare for themselves and their entire family. [cheering and applause] >> my organization recently celebrated its 100 years in existence. the majority of our members called and may still call the mission district home. our slogan is honor, integrity, and strength. that's echoed by over half a million members in this country and 5,500 members here at local 261. every single day our leadership, both elected and ranked in file, look for perspective members and for community members, whether you're in the union or not. we believe it's the least that we can do to honor and respect our retirees, like mario and all the men and women that built our union for the benefit of its deserving membership and the families in both the public and private sectors. it is an honor and privileg

so part of what's going on is that you have idiosyncratic factors that affect the labor market, and fact the inflation rates, but if you do just look at the cyclical part it certainly correlated with tightness in the labor market if it -- there are these a cyclical factors affecting inflation, so i think you want to be careful about sort of trying to explain everything with what's going on in the labor market, so that means that if you see a shock it may take longer to get back to you're inflation target that it would otherwise from policy and explaining communications point of view, you may want to think about a range as opposed to a point target because you have the shock that are going to move inflation off your target even if you're trend inflation rate is moving up, so there are implications about how you think about, how you communicate your target and i think the results that we saw today are very provocative in the sense that it makes you think about a different way of communicating and perhaps a different way of thinking about the interplay of expectations and your target. so fr