Pretty quickly as weve already seen in parts of the state. Take a look at Southern California and the San Joaquin Valley there. A shelter at home order now taking effect there tomorrow night. This all comes as the state surpasses 1. 3 million cases. Yesterday alone the state added more than 25,000 new cases. For much of the bay area theres so much uncertainty right now. One thing businesses do know is that they want this to be the last shutdown. Nbc bay areas tom jensen has more from Contra Costa County. Reporter one last shot at some sort of normalcy at this walnut creek brewery before it has to close down along with a whole host of other Contra Costa County businesses. But it was a dismal day of sales following reports of record covid19 cases and pending statewide stay at home orders that will go into effect here and at four other bay area counties starting sunday night. Every time theres an announcement like this that comes out people become a little bit more nervous about going out
Faculty member of the Economics Department and the cochair of the mit work of the future attack force that was commissioned a year ago the spring and the purpose of the task force is to engage in confront the sense that many have that the labor market and technology is changing rapidly to understand why people are anxious, to figure out how concerned they should be, what is changing and what is different this time and what can we do to ensure that the coming era of change needs to not productivity growth but some that show up in our focus is on the labor market and how we make the labor market function well for as many workers as possible. Thats where we see the opportunity and the challenge in the lesson if you read the Task Force Report which was released last week, one thing that we s say, i think a critical economic lesson of the 21st century, a wellfunctioning labor market is the foundation for a healthy middleclass in a wellfunctioning political system. Without that foundation of
To understand why people are anxious to see how concerned they should be. And what is changing and what is different this time. And what can we do to ensure that the coming era of change leaves not just a productivity growth but some degree of shared prosperity. Our focus is on the labor market and how we make the labor market function while for as many workers if possible. Also the challenge and the lesson if you read a report which was just released last week. One of the things that we say is a critical economic lesson of the 20th century. Is that a wellfunctioning labor market is the foundation for a healthy middleclass and without that foundation of opportunity and prosperity its very difficult for other things to work well. It also makes work work and that is why its such an honor to have mary kay mary gray here today talking about her book ghost work just to give you a tiny bit of background she is a call drill cultural anthropologist. Her earlier work has been on the communicati
In later tonight, former fbi agent Josh Campbell shares his thoughts on the fbi under president trump. That starts now. Check your Program Guide for more information. Here is author mary gray on labor and big tech. Welcome everybody. Thank you, thank you for coming. Im glad to see you all here. My name is a faculty member in the Economics Department and one of the cochairs of the mit work of the future task force that was commissioned by rafael wright, a year ago spring. The purpose of the task forces to engage and confront the sense that many have that the labor Market Technology is changing rapidly to understands why people are anxious, to figure out how concerned they should be, what is changing, what is different this time and what can we do to ensure that the coming era of change leads to not just productivity growth but to some degree of shared prosperity in our focus is on the labor market, on how we make the labor market function well for as many workers as possible, that is wh
Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec