A Quote by Marco Rubio
The problem is that we are trying to prepare people for the new economy using a higher education system built for the old economy. As a result, many high-skilled, high-paying industries suffer from a shortage of labor, while too many low-paying industries suffer from a surplus.
Related Quotes
Investing in industries and technology for the 21st century generates high-skilled, high-wage jobs for industries of the future.
While low-skilled immigrants have a place in our economy, a greater priority needs to be placed on attracting high-skilled immigrants to match the economy's needs.
As a therapist, I've worked with many high-achieving people who don't feel worthy of their success. Whether it was a recent college graduate who had landed a high-paying job or a mature adult who had just received another promotion, all of these people suffer from impostor syndrome.
We have a lot of employers who are looking for skilled workers and not being able to find them. And we have workers who lack the requisite skills to access these good-paying jobs in high growth industries.
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.
In this global economy, no jobs are safe. High-speed Internet connections and low-cost, skilled labor overseas are an explosive combination.
Yet in this global economy, no jobs are safe. High-speed Internet connections and low-cost, skilled labor overseas are an explosive combination.
In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.
Globalisation means that for a high-wage, developed economy like Britain's to compete we need to focus our efforts on the highly skilled, added-value sectors such as advanced manufacturing, creative industries, engineering and even financial services.
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
Veterans come out of the military with a wide range of skills and the best training in the world. They shouldn't be struggling to find jobs in the civilian workforce, especially not when trade schools and businesses are struggling to fill high-demand, high-paying jobs in STEM-related industries.
Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.
The way we're really going to grow the economy is to invest in people, to invest in innovation, to have the federal government put money in the kind of research that will create the new high-technology, biotechnology industries that will create the millions of new jobs.
Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.
Clearly, there aren't enough positive moments or interactions happening in the workplace. As a result, our economy suffers, companies suffer, and individual relationships suffer.
The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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