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Squawk Pod

Getting to Work: U.S. Labor and Commerce Secretaries

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 9 August 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

U.S. Secretary of Labor Marty Walsh and U.S. Secretary of Commerce Gina Raimondo are teaming up to expand and prepare America’s workforce. The bipartisan infrastructure bill working through Congress aims to invest $100 billion in job creation, supporting small businesses as they recover from and power through the pandemic. In an extended interview with Andrew Ross Sorkin, the two secretaries discuss the infrastructure bill, diversifying the private sector’s talent pipeline, and the future of the American workforce.

Transcript

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0:00.0

This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our podcast,

0:06.8

Get Into Work. Andrew Ross Sorkin sits down with the U.S. Labor Secretary

0:11.2

Marty Walsh and U.S. Commerce Secretary Gina Raimondo.

0:14.3

Hey there, how are you?

0:15.4

Working together for jobs.

0:17.3

What's good for labor, which is more skills, better job, higher pay, is also good for business.

0:23.0

And so it's natural that commerce would partner with labor

0:27.0

because that will be better for both businesses and a stronger economy.

0:31.0

And President Biden's infrastructure plan.

0:34.0

At the end of the day, the President is talking about building back better

0:38.0

and that's about creating pathways in some middle class.

0:40.0

We can't go back to the way it was pre- Pandemic. We need to create better

0:44.2

opportunities. The questions, help wanted, but where?

0:47.5

The last two months we've seen the largest gained in hospitality and restaurants. So I'm hopeful as we continue to move forward

0:54.1

through the rest of the summer and fall,

0:56.1

we're going to see more people go back to work.

0:57.8

And maybe more importantly, will American workers

1:00.6

be prepared?

1:01.5

What I'm quite sure we will see is just an even greater

1:05.4

premium on digital skills, cloud computing skills,

1:09.6

data skills, tech skills.

1:11.8

We have an urgent need to make sure that everybody has access to those

...

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