A Quote by Joseph Stiglitz

In the U.S., you couldn't have job creation with interest rates of 30 or 40 percent. They had a philosophy that said job creation was automatic. I wish it were true. Just a short while after hearing, from the same preachers, sermons about how globalization and opening up capital markets would bring them unprecedented growth, workers were asked to listen to sermons about "bearing pain." Wages began falling 20 to 30 percent, and unemployment went up by a factor of two, three, four, or ten.

Joseph Stiglitz

Quote Topics

About After Asked Automatic Bearing Began Bring Capital Creation Factor Falling Four Globalization Growth Had Hearing How Interest Interest Rate Interest Rates Job Job Creation Just Listen Markets Opening Opening Up Pain Percent Philosophy Rates Said Same Sermons Short Ten Them Three True Two Unemployment Unprecedented Up Wages Were While Wish Workers Would

Quote Author

Joseph Stiglitz
American - Economist
Born: February 9, 1943

The black unemployment rate has to be twice that of the white rate in the US. If the national unemployment rate were 6.8 percent, everyone would be freaking out. We ought to not take too much solace in the 6.8 percent, but ask ourselves what can we do to bring that down to white rates, which are below 4 percent now. Some of that has to do with education, but that's just part of the story. You find that those unemployment differentials persist across every education level. I think it means pushing back on discrimination and helping people who can't find work get into the job market.

Jared Bernstein

In community after community, there are unemployment rates among young African-Americans of 30 to 40 percent. Thirty to 40 percent! Kids have no jobs, they have no future. That is an issue that has got to be dealt with simultaneously as we deal with police brutality, voter suppression and the other attacks that are taking place on the African-American community.

Bernie Sanders

In the late 1980s the amount of German films was down to four or five percent of the market, and the remaining 95 percent were American. It is now 20 to 30 percent German productions.

Wim Wenders

To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.

Amity Shlaes

Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans will start a business if the interest rates are 150 percent?

Joseph Stiglitz

If I had to give odds, I would say 30 percent of whatever good fortune I've had in this business has been luck, and 50 percent has been casting - so that's 80 percent right there. And 20 percent is just working really hard and taking risks.

Greg Berlanti

On average, people miss about 70 percent of the posts in their 'Instagram' feed. What this is about is making sure that the 30 percent you see is the best 30 percent possible.

Kevin Systrom

When I think back to 2005, the fast growth markets - what we call the fast growth markets - were probably ten percent of our business. They are now 31 percent.

Martin Sorrell

10 years ago [in 2006], nearly 90 percent of those albums sold enough in that year to reach Gold status. 10 years later, about 30 percent were eligible. With the new rules, we figure about 40 percent of the top 200 best-sellers for the year will be eligible. We were very cautious in our approach to changing how we calculate what is eligible because the integrity of the process is our foremost consideration. It's difficult to get certified sales awards, and it's a big deal and we didn't want there to be a huge change in how many would be eligible.

Cary Sherman

If we had 3 percent growth, which is what we're trying to get to, what we're at, by the way, right now, we're trying to maintain that 3 percent growth. If we had been at 3 percent growth over the last ten years, the budget very nearly would be balanced in 2017. That's how big a difference it makes when you grow the American economy that additional 1 percent over ten years.

Mick Mulvaney

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

Eli Broad

I had seen some films made about the underground music world in Tehran, and most of them were short documentaries about 30 or 40 minutes long. And I always wondered why they weren't publicized more. Really, their only flaw was they were short documentaries.

Bahman Ghobadi

If female were working in the same proportion as men do, the level of GDP would be up 27 percent in a country like India, but also up 9 percent in Japan and up 5 percent in the United States of America. It's not just a moral issue, not just a philosophical issue. It just makes economic sense.

Christine Lagarde

I was always at about 70/30. About 70 percent of the people of my district appreciated me, and about 30 percent had quite another view of me.

George W. Bush

For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.

Robert H. Frank

Education spurs growth and unlocks potential. After all, a single year of primary education creates a 10 to 20 percent increase in a woman's wages later in life. Education lowers the risk of disease and decreases the likelihood that a child will fall into violence and crime. And a child born to a literate mother is 50 percent more likely to survive past age five. No country has achieved sustained growth without at least 40 percent literacy for its adults.

Shakira

A Quote by Joseph Stiglitz

Quote Topics

Quote Author

Related Quotes

Related Authors