A Quote by Elaine Chao
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.
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Our economy creates and loses jobs every quarter in the millions. But of the net new jobs, the jobs come from small businesses: both small businesses on Main Street and many of the net new jobs come from high growth, high impact businesses that are located all across the country.
This majority is working for America, and one of those ways is we have tremendously low unemployment. This economy has created millions of new jobs, and we are expecting growth this first quarter of somewhere higher than 4 percent.
Jobs are disappearing from every sector of the economy, from engineering to health care workers, forcing hundreds of thousands of families into unemployment and low-paying jobs.
Well, our economy is very strong and growing. We have created 5.4 million new jobs in the last 3 years. Our unemployment rate is better than the average unemployment rate of the 1960s, 1970s, 1980s, and 1990s.
Business creates jobs; government does not. Government creates a whole slew of jobs each time a new program or scheme is implemented, but always at the expense of the taxpayer. Small businesses invest in new businesses, which results in more jobs.
Green jobs - those are jobs that feel like new economy jobs; they do require some training.
In 1992, the federal Government actually issued more work authorizations to immigrants and temporary foreign workers than the net number of new jobs created by our economy. Something is fundamentally wrong when we have millions of American citizens and legal residents begging for jobs, and yet we are admitting thousands and thousands of immigrants a year with virtually no consideration to our employment needs or their employment skills.
Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
I cannot for the life of me understand why the American market keeps going up. Our economy has some real challenges. The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. All of those things would give you pause to worry about the future.
President Bush is now focusing on jobs. I think the one job he's focusing most on is his own. The White House is now backtracking from its prediction that 2.6 million new jobs will be created in the U.S. this year. They say they were off by roughly 2.6 million jobs.
In a fair society, the solution to unemployment is not to force people into workfare programmes which do little more than supply big companies with free labour. It's to create jobs that pay a living wage, for example, by investing in new sustainable infrastructure projects and boosting the jobs-rich low carbon economy.
By 2018, automation is going to be in full swing in the United States and around the world. There are estimates that it could replace 50 percent of our jobs. That is an enormous shift. But even if we go through a phase where we have an unemployment valley from automation, there will be new jobs and new things for us to do.
Even as our economy starts to pick up, and new jobs are created, there is a risk that young people in Britain won't get the chances they deserve because businesses will continue to look elsewhere.
In a changing world, some jobs disappear and new ones are created. That's how it has been for hundreds of years. When jobs disappear, the vast majority is not because of global trade, but because of technical advances, robotization and so on. So, we - and in particular, EU member states - have to invest more in training and education so that people will have new opportunities if their jobs are cut. The EU can also better utilize its investment and social funds to protect its citizens from swift changes.
In the past, we've always come up with new jobs for humans to do and so it's always benefitted us, technological progress, but now we're not really creating enough new jobs to replace the jobs that are being automated.
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
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