A Quote by Janet Yellen
Over a long period of time, technological change is something that has been important in reducing manufacturing employment - absolutely and as a share of jobs in the economy.
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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.
For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.
If you're going to invest in something over a long period of time, that you believe is important and can change the company, you have to be strategically patient and tactically impatient.
One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.
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.
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.
This has been a trend for a long time; the days of lifetime employment are long since over.
I have probably become a lot more Zionist than I used to be. Jews have a history of being persecuted over a long, long period of time so I think it is absolutely right to have a country that is a Jewish state.
With living wage jobs, basically 20 million of them to help jump-start a sustainable and healthy economy, with an insured, just transition, for example, for workers in both the fossil fuel and in the weapons industry, because they all need to transition to sustainable forms of production. This is also our answer to the departure of manufacturing jobs and good jobs by creating the manufacturing base here for clean renewable energy and the efficiency systems and public transportation to put these workers to work in jobs that are actually good for them.
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.
Labor, no matter how inexpensive, will become a less important asset for growth and employment expansion, with labor-intensive, process-oriented manufacturing becoming a less effective way for early-stage developing countries to enter the global economy.
The kind of precision manufacturing epitomized in the armories, while it was important, was only a small share of the economy until quite late in the century. Large-scale natural resource development and processing was the name of the game.
Canada, the United States and Mexico, we developed these energy reserves that we have in this North American region. And you can see a not only driving down the cost of electricity but a major manufacturing boom in this country. Couple that with tax policy, reduction, reducing the corporate tax rate, and that I think a renaissance in manufacturing like we've never seen in this country and really drive the economy.
At a time when we are losing manufacturing jobs in this country, we should be doing everything we can to help our manufacturers stay competitive. They are the backbone of our economy.
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.
I want to get the economy going again. It's not just enough about what we're against, as important as that is. I have a plan to create new jobs, manufacturing, infrastructure, clean energy jobs that will make us the 21st century clean energy super power. I also want to make sure small businesses can start and grow again.
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