A Quote by Michael Spence

China's continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.

Michael Spence

Quote Topics

China Continued Growth Cost Creating Creating Opportunities Economies Growth Household Income Low Low-Cost Lower Manufacturing Opportunities Rising

Quote Author

Michael Spence
American - Economist
Born: November 7, 1943

During the 1960s, rising real wages for low-income and high-income workers, due in part to rapid economic growth and the spread of unionization, worked in tandem with expanding government support systems to improve Americans' well-being.

Stephanie Coontz

Household spending growth has been particularly solid in 2015, with purchases of new motor vehicles especially strong. Job growth has bolstered household income, and lower energy prices have left consumers with more to spend on other goods and services.

Janet Yellen

I've been around low-income people all of my life. I mean, growing up, low income, the community where I've chosen to live, low-income.

Danny K. Davis

The collective income of all these people - the bottom half - is less than three percent of global household income, and so there is a grotesque maldistribution of income and wealth.

Thomas Pogge

If accessing the Internet becomes more difficult for low-income communities, academic and employment competition may be undermined, and could damage the prospects of upward mobility for low-income New Yorkers and further exacerbate income inequality.

Letitia James

While easy to understand, the income-based poverty line has limitations. Specifically, the median monthly household income measures only income without considering assets.

Carrie Lam

In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization.

Noam Chomsky

Expanding eligibility of family planning services to low-income women will maximize cost-savings to both federal and state governments, reduce the disparities in access to family planning services for low-income women, and decrease the incidence of abortion in the U.S.

Rosa DeLauro

Given the relativity concept, poverty cannot be eliminated. Indeed, an economic upturn with a broad improvement in household income does not guarantee a decrease in the size of the poor population, especially when the income growth of households below the poverty line is less promising than the overall.

Carrie Lam

The solution for rising up kids in the income distributionlies is in creating better childhood environments for kids growing up, especially in low income families. And so what means such things like schools, the quality of neighborhoods. If you think about what's gone on in Baltimore, it's a place of tremendous concentrated poverty. People aren't really seeing a path forward and I think revitalizing places like that can have a huge impact, even in the face of globalization and changes in technology.

Raj Chetty

It is critical that low-income consumers have access to alternative products and services such as rent-to-own. It gives working-class families opportunities to obtain decent household items without incurring the burden of debt.

William Lacy Clay, Jr.

Over the period from 1988 to 2005, the income share of the top five percent has grown by about 3.5 percent of global household income, and the shares of all the other groups have diminished. The greatest relative reduction was in the bottom quarter, which lost about one third of its share of global household income, declining from 1.155 to 0.775 percent, and now is even more marginalized.

Thomas Pogge

Growth is a substitute for equality of income. So long as there is growth there is hope, and that makes large income differentials tolerable.

Henry Wallich

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

Joseph Stiglitz

Samasource creates jobs in regions where more traditional forms of employment in low-income economies, such as manufacturing, are difficult to scale because of poor infrastructure. In a village in Rukka, India, for example, our small data entry partner employs over 60 people doing various types of Internet research for Samasource.

Leila Janah

A Quote by Michael Spence

Quote Topics

Quote Author

Related Quotes

Related Authors