A Quote by Janet Yellen
American workers have faced serious difficulties in the labor market since the first oil shock in 1973. Since that time, the pace of productivity advance has slowed for reasons which are still not understood, lowering the rate at which living standards have advanced.
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Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.
The Federal Reserve's objectives of maximum employment and price stability do not, by themselves, ensure a strong pace of economic growth or an improvement in living standards. The most important factor determining living standards is productivity growth, defined as increases in how much can be produced in an hour of work.
There is no question that automation is - and has been since the start of the Industrial Revolution - displacing workers and creating disruption within the economy and labor market.
What polluters do is raise the standards of living for themselves, while lowering the quality of living for everybody else, and they do that by escaping the disciplines of the free market.
Apparently, union bosses are so distraught about declining enrollments they will stoop to exploiting illegal workers. There is no doubt that this would hurt American workers, who would suddenly face a flooded job market full of cheap foreign labor. It would depress the wages of the American workers and cost them jobs.
Since the enactment of the War Powers Act in 1973, which I supported then and support now, Congress has been reluctant to assert its authority when presidents decide to send American soldiers into harm's way.
We shouldn't be lowering standards for NATO membership; we have to insist on democracy, reform, market economy, anti-corruption, reformed military, contributions to common security, interoperability - all the things that the Czechs had to do, the Poles had to do - they're still on the table. Which means that Ukraine is a long way away from getting to that point.
Since education is not a means to living, but is identical with the operation of living a life which is fruitful and inherently significant, the only ultimate value which can be set up is just the process of living itself. And this is not an end to which studies and activities are subordinate means; it is the whole of which they are ingredients.
There has been hardly a single year since 1917, and in a certain sense since 1905, without a revolution somewhere in the world in which the workers participated in a rather important way.
Union membership is not the sole guarantor of job security and a living wage, but nonunion factory workers do not enjoy the same protections as union workers. They're subject to exploitation, underpayment and lower standards of workplace safety - which is also often the case for manufacturing workers outside the United States.
I suppose I can live with missing decimals, missing floors to tall buildings, and floors that are named instead of numbered. A more serious problem is the limited capacity of the human mind to grasp the relative magnitudes of large numbers. Counting at the rate of one number per second...to count to a trillion takes 32,000 years, which is as much time as has elapsed since people first drew on cave walls.
I hated school . . . . One of the reasons was a learning disability, dyslexia, which no one understood at the time. I still can't spell . . .
It is through you, actors, that the forces which are understood by millions and that tell of everything that is beautiful on earth, find expression. The forces which reveal to people the happiness of living in a widened consciousness and in the joy of creative work for the whole world. You, the actors of a theatre, which is one of the centres of human culture, will never be understood by the people if you are unable to reflect the spiritual needs of your time, the now in which you are living.
Being established in my life, buttressed by my thinking nature, fastened down in this transcendental field which was opened for me by my first perception, and in which all absence is merely the obverse of a presence, all silence a modality of the being of sound, I enjoy a sort of ubiquity and theoretical eternity, I feel destined to move in a flow of endless life, neither the beginning nor the end of which I can experience in thought, since it is my living self who think of them, and since thus my life always precedes and survives itself.
Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.
The great age of the earth will appear greater to man when he understands the origin of living organisms and the reasons for the gradual development and improvement of their organization. This antiquity will appear even greater when he realizes the length of time and the particular conditions which were necessary to bring all the living species into existence. This is particularly true since man is the latest result and present climax of this development, the ultimate limit of which, if it is ever reached, cannot be known.
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