A Quote by Edward C. Prescott

Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top.
Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some people get new jobs that pay better, many lose their jobs or their wages.
Sports is about people who lose and lose and lose. They lose games; then they lose their jobs. It can be very intriguing.
As more workers lose manufacturing jobs as companies cut back, some are being forced into lower-paying retail jobs. But they still have union cards in their wallets.
Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year.
When Mrs. Clinton ran for office, she promised economic growth across New York state, to bring in more than 200,000 jobs, ... She has not. We have lost jobs to outsourcing and globalization and to sending our jobs and industries to foreign countries.
What is problematic about Obamacare is that it is killing millions of jobs in this country and has killed millions of jobs. It has forced millions of people into part time work. It has caused millions of people to lose their insurance, to lose their doctors, and to face skyrocketing insurance premiums. That is unacceptable.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Paule Marshall does not let the black women in her fiction lose. While they lose friends, lovers, husbands, homes, or jobs, they always find themselves.
Some jobs pay better, some jobs smell better, and some jobs have no business being treated like careers. But work is never the enemy, regardless of the wage. Because somewhere between the job and the paycheck, there’s still a thing called opportunity, and that’s what people need to pursue.
I'm one of many who have seen their parents and their friends lose their jobs, lose their income, lose their livelihood because of the European Union.
That's an interesting paradox to think about. Make it legal and it's no good. Why? Because as long as it's illegal the people who come in do not qualify for welfare, they don't qualify for social security, they don't qualify for the other myriad of benefits that we pour out from our left pocket to our right pocket. So long as they don't qualify they migrate to jobs. They take jobs that most residents of this country are unwilling to take. They provide employers with the kind of workers that they cannot get. They're hard workers, they're good workers, and they are clearly better off.
Many, perhaps most, people who lose their jobs are mistaken about the reason for which they lost their jobs. Some will say that they're failures, others that their boss had it in for them, and others yet that they were sure their career ended because of a stupid faux pas they made at the company picnic.
I think Mitt Romney has demonstrated repeatedly he has a penchant for - for secrecy, doesn't seem to have any interest in actually showing the American people his - his finances, decision - important decisions about his investments, refuses to come clean on his time at Bain Capital and when he was really there, and, you know, be held accountable for the outsourcing of jobs and the off-shoring of jobs and shipping jobs overseas.
We have a very robust set of plans. And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours [Donald Trump] would lose us 3.5 million jobs, and explode the debt which would have a recession.
NAFTA, supported by the Secretary cost, us 800,000 jobs nationwide, tens of thousands of jobs in the Midwest. Permanent normal trade relations with China cost us millions of jobs. Look, I was on a picket line in early 1990's against NFATA because you didn't need a PhD in economics to understand that American workers should not be forced to compete against people in Mexico making 25 cents an hour.
In addition to building the skills needed for the jobs of today and connecting individuals to these jobs, it is imperative to foster entirely new ideas and industries that will create the jobs of tomorrow.
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