1 10 of the point is not how you want to evaluate Something Like raising the minimum wage. The final point in terms of the internationalization, is that we know crosssectional he and crosscountry, and someone else touched on this emphasizing collectivebargaining, i will emphasize the outcomes. That majority, not just european countries, including some of the asian and richer latinamerican countries, where the wage gap is much smaller and they managed to export and have relatively large labor force participation. Labor force participation has actually gone up in western europe, even including germany. It is not this iron law that if you pay more you cease to do business. It doesnt mean you always pay more, that it might. So, with that in mind, or more importantly what our panelist seven mind, let me open up the floor for questions or comments. Please these first two people. First to nancy and then to this gentleman. Please identify yourself. If you are going to present a political argum
We had conversations with leaders in both saudi arabia and egypt over the weekend assuring them that a framework deal with a ron did not mean we were abandoning legendary alliances with others. Host on the next washington journal, longterm unemployment and the economy. Then we will discuss president ial Campaign Funded raising fundraising rules and senator rand paul announcement. Later, the American Press institute about the Rolling Stone Magazine University of virginia rape story. Washington journal is live each morning on cspan. You can join the conversation on facebook and twitter. The next, discussion on wages and Economic Growth with aetna ceo. Then freshman representative of oklahoma talks about being a new member of congress. A conference of independent voters met in new york next month this month. Aetna ceo talk about increasing his employees wages and called on companies to invest more in their wages. He spoke at the peterson institute. Love them back to our previously schedul
Is somewhere in the order of 180 or 200 billion plus. But we are talking one to 1. 5. There is no trillion dollars. There is no way to get there without the private sector. It is a very difficult time and capital now is without question beginning to get out of the emerging market. In order to be able to reach this goal, we have to be much more clever about how we utilize the Development System that countries provide and link to it to the kinds of investments that we know will be the creator of jobs. How do you do that . One of the things are trying to do in one of the papers we will be presenting next week is one in which all of us, all of the Multilateral Development banks, sat down together and said lets get all the different sources of financing for development. Lets put them all together and think strategically. If you look at all the different sources and you start really with improved domestic resources. Weve got to help countries have taxes in a more fair and we move reasonable
Years after financial crisis broke out, the Global Environment level is still below the level six years ago. So fortunately we see the u. S. Employment improved. In china, from january to august, new employment is 10 million. So the chinese and u. S. Contribute to the global employment improvement. However, its a real challenge. The global level of employment is a challenge. The employment in europe, particularly young generation lost jobs. Thats a real challenge. And it reminds us why we must keep growth and the environment, the employment as a key target for this year again. Global efforts must be made to promote growth with a real increase in employment. We must make extreme efforts to global employment. The u. S. Government, after world war ii, after several Business Cycles, this time, after six years, since that International Financial crisis broke out, global Interest Rate is at the lowest level. And this has never been seen before in a financial crisis, so low an Interest Rate.