US Labor Secretary: Challenge is to make sure prosperity is shared

As the US economy reports that last year saw the biggest decline in the unemployment rate since 1984, the Labor Secretary, Tom Perez, tells World Business Report that the key challenge is to make sure increasing prosperity is shared. "Businesses need skilled workers, people want a raise and this is how you compete in a global economy, by being the best-trained, best-skilled workforce," he says. "That's what we're trying to do."