President Obama on 'the new economy'

Added: January 11, 2017 (12 days 13 hours ago) share on facebookshare on twitter

Duration (2:28) Views: 953 by PBS NewsHour Category: News

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The next wave of economic dislocation will come from automation not trade, President Obama said in his Jan. 10 farewell address.

"We must forge a new social contract," he said, "to guarantee all our kids the education they need; to give workers the power to unionize for better wages; to update the social safety net to reflect the way we live now and make more reforms to the tax code so corporations and individuals who reap the most from the new economy don’t avoid their obligations to the country that’s made their success possible," he said.

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