| 00:00:21 |
Baily, Martin Neil - Senior Fellow
WITH McKINSEY SO SOMEWHAT McKINSEY'S FINGERPRINTS ARE ALL OVER THE SESSION. ONE OF THE THINGS I HAVE DONE BOTH AS AN ACADEMIC AT McKINSEY'S LOOK AT PRODUCTIVITY...
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| 00:03:57 |
Barton, Dominic - Global Managing Director
DOMINIC. AND I THINK THE QUESTION FOR YOU AS WE TALKED ABOUT, BUT WE WOULD LIKE YOU TO ADDRESS A LITTLE BIT IS ABOUT INNOVATION. McKINSEY HAS DONE...
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| 00:17:11 |
Baily, Martin Neil - Senior Fellow
IT MAY JUST BE ABOUT SETTING STANDARDS ARE PROVIDING THE REGULATORY TIMEFRAME FOR PEOPLE TO INVEST OR THERE MAY BE SOME DEMANDS THAT WE GET FROM IT....
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| 00:18:04 |
Barton, Dominic - Global Managing Director
I THINK THERE'S A LOT MORE. I THINK THAT'S AGAIN WHEN THE DIALOGUE WOULD OCCUR. I THINK THAT'S
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| 00:18:32 |
Kleinfeld, Klaus - Chair and CEO
WHAT WE COMPARE WHAT WE ARE DOING HERE, THAN OTHER COUNTRIES WHERE THERE'S THE DIALOGUE ON THE SIDE. >> NOW TO KLEINFELD, I ALWAYS FEEL BETTER I LISTEN...
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| 00:32:47 |
Baily, Martin Neil - Senior Fellow
VERY WISE WORDS. TASTE IN TV, NOT SO MUCH. >> I LIKE "THE DATING SHOW" TOO. [LAUGHTER] >> LET ME FOLLOW UP QUICKLY.
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| 00:33:00 |
Kleinfeld, Klaus - Chair and CEO
AT LEAST PART OF YOUR MESSAGE WAS WE NEED THIS SORT OF SMART REGULATION. WE DON'T WANT REGULATION THAT'S GOING TO HOLD BACK ENTREPRENEURSHIP. AT THE...
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| 00:33:37 |
Baily, Martin Neil - Senior Fellow
IN THE U.S. IS NOT POSSIBLE. I THINK WHAT THEY SAID THIS MORNING IS NOT CORRECT. IN OUR INDUSTRY, MANUFACTURING COST, LABOR COST, IRRELEVANT. >> THANK...
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| 00:34:08 |
Goolsbee, Austan - Chief Economist
THOSE POLICIES ARE WORKING, WILL WORK? AND WHAT DO YOU SEE GOING FORWARD? >> WELL, YES, THEY WILL WORK. AND THEY ARE WORKING. >> WHAT POLICIES WERE THEY?...
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| 00:45:14 |
Baily, Martin Neil - Senior Fellow
AMERICANS OVER TIME. THE LAST FIVE TO TEN YEARS WE'VE BROKEN THE CHANGE. THE GROWTH RATE OF THE COUNTRY IS TIED TO THE GROWTH RATE OF THE MIDDLE CLASS....
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| 00:45:33 |
Q&A, -
IT'S POSSIBLE TO BE A SPORTS FAN AND INTERESTED IN TECHNOLOGY. GLEN IS AN OBVIOUS EXAMPLE, I WOULD PUT MYSELF IN THAT CATEGORY. WE HAVE TIME FOR TWO...
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| 00:47:33 |
Kleinfeld, Klaus - Chair and CEO
INNOVATION CAN TAKE PLACE WITHOUT LABOR. I'M ASKING THE QUESTION AS TO WHEN ARE WE GOING TO DEAL WITH THE LOWER MIDDLE CLASSES? : >> CLEAR ON GETTING...
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| 00:50:33 |
Barton, Dominic - Global Managing Director
BE AUTOMATED AND, IN FACT, THE ELDERLY PERSON CANNOT BE MOVED. SO IT WILL NOT FIND THE WAY OF THE OUTSOURCE TO INDIA, BUT WHAT WE TO NEED IS WE NEED...
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| 00:51:29 |
Goolsbee, Austan - Chief Economist
RADIOLOGISTS, VERY IMPORTANT. I THINK THIS GOES WITH THE IMMIGRATION, THE SERVICE INDUSTRY PLAYS A VERY IMPORTANT ROLE, I THINK, IN THIS COUNTRY IN...
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| 00:53:22 |
End, -
IF BUSINESS IS GROWING, THE WORKERS ARE ALSO BENEFITING, THE MIDDLE CLASS IS BENEFITING, AND I FEEL LIKE WE ARE ABOUT TO -- WE SAW THAT IN THE '90s,...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.