A Quote by Eli Broad
Being a Midwesterner, I know that many of the middle-class manufacturing jobs that had been at the heart of our economy are either gone or going, and they're not coming back.
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This country is facing an economy that has been radically transformed.And these changes have been disruptive. They have changed people's lives. The jobs that once sustained our middle class, they either don't pay enough or they are gone, and we need someone that understands that as our nominee.
My plan is based on growing the economy, giving middle-class families many more opportunities. I want us to have the biggest jobs program since World War II, jobs in infrastructure and advanced manufacturing.
The size of the U.S. middle class has been shrinking. Wages have been stagnant. We don't have those factory jobs that paid a living wage and enabled a family to have a home where the wife did not have to work. But we sent our factories abroad and there is no likelihood of getting them back. Equally worrisome is that some managerial jobs and professional jobs (such as lawyers) which support middle class life are threatened by automation.
What I hear from employers day in and day out is, 'I need to make sure I have that skilled workforce to compete.' And so we've been able to help so many people punch their ticket to the middle class by transforming our workforce development system for advanced manufacturing jobs and other critical jobs that exist right now.
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.
Astonishingly, American taxpayers now will be forced to finance a multi-billion dollar jobs program in Iraq. Suddenly the war is about jobs. We export our manufacturing jobs to Asia, and now we plan to export our welfare jobs to Iraq, all at the expense of the poor and the middle class here at home.
The American people know the economy is too weak. Too many of them are suffering. So the question for Washington is, are we going to continue to play political games and - and - or are we going to say, we can do something right now to create jobs, to put money in the pockets of the middle-class, hire construction workers, teachers, veterans?
Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.
Manufacturing and other unskilled professions that were union jobs, that allowed people to live a middle-class life, are disappearing both because unions are disappearing and because of the global nature of the economy.
For the workers and their families, being able to bring home a living wage helps their families and, by extension, helps our economy. Seventy percent of our economy is consumer-based. We know that when lower- and middle-class families have money and disposable income, they spend it. That puts money back into the economy. It's a win-win for everybody: Not just for the individual, not just production at a specific company (like Nissan), but for the greater good.
There are only two ways to have a middle class in your country: either you have highly skilled manufacturing jobs, or you have a highly skilled, well trained, knowledge-based workforce. In other words, college.
From the day he first walked through the door of the Oval Office, President Obama's top priority has been growing our economy, creating good jobs, and rebuilding middle class security.
The economy has definitely been improving, and things like the stock market are doing better, but the economy has to be good for working-class and middle-class families who work every day, send their kids to a school like is in front of my house, and they have to be able to enjoy their lives. That's why you don't pass a trade agreement that ships even more jobs overseas.
In every society, manufacturing builds the lower middle class. If you give up manufacturing, you end up with haves and have-nots, and you get social polarization. The whole lower middle class sinks.
Our parents and grandparents understood this truth deeply. They believed - as we do - that to create jobs, a modern economy requires modern investments: educating, innovating and rebuilding for our children's future. Building an economy to last, from the middle class up, not from the billionaires down.
There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had some recovery in manufacturing employment as the economy's recovered.
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