With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics finance investment and international relations find

Bloomberg surveillance on Apple Podcasts soundcloud bloomer.com and of course on the

Bloomberg. Alan Kruger has been so generous of his time with us on jobs day that we usually just bring them in and make jokes

about you know this that or the other thing let us remember that he is a former chairman of

the President's Council of Economic Advisors and it's had a distinguished career in thinking about American labor.

He has been a lightning rod of debate on the minimum wage.

His exceptionally important book, What Makes a Terrorist was a Must Read 10 years ago, 10 painful years ago,

and is out again with a new redo by Professor Kruger and he joins us on this job's day this morning. We talked to Iowa yesterday. We talked to people who are working on the reality of labor in the field. Most of the debate seems to be esoteric,

and within that the president seems to have

what I would call a classical more static view of labor

versus the miracle of the marginal with a guy named William Stanley

Jevins on to Alfred Marshall 130 years ago. How do we drag Trump policy into modern economic theory?

You know, I'd like to see the Justice Department become more active.

How would they do that?

Let me give you an example.

At the end of the Obama administration, the Justice Department and the Federal Trade Commission

issued guidelines to human resource professionals advising them that it's illegal for them to have agreements not to not

not to raid each other's workers like Disney Pixar and all that out in me exactly or

what hospitals had been doing and the current assistant

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