Economic Dislocation Quotes

But on the other hand, there are many corporations who have turned their backs on the American worker, who have said, if I can make another nickel in profit by going to China and shutting down in the United States of America, that's what I will do.

Recession doesn't deserve the right to exist. There are just too many things to be done in science and engineering to be bogged down by temporary economic dislocations.

I think it is true that, post the global financial crisis initially - and for some period after that and particularly with how the mining investment boom and commodity prices played out - there was a dislocation that occurred in some of the more traditional mechanisms.

We need to wake up to the fact that it is not immigrants who are causing economic dislocations. It is technology and an evolving economy that is pushing more and more Americans to the sidelines.

I think raising wages, investing in infrastructure, making sure that people have access to good educations that equip them for the jobs of the future. Those are all agenda items that would help alleviate some of those economic pressures and dislocations that people are experiencing. The problem was I couldn't convince the Republican Congress to pass a lot of them.

It is true that the U.S. could and should have been more generous as Russia made its painful transition to a market economy in the 1990s.

Viciousness and prejudice flow from economic dislocation, and in turn feed it.

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.

When people are economically or socially dislocated, they are always more vulnerable to being radicalized.

My overall message for labor members is... that we understand that the benefits of trade are clear, but the disruption and the dislocation are painfully concentrated and we can't ignore them.

I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption.

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

We have to deal with issues like inequality, we have deal with issues of economic dislocation, we have to deal with peoples fears that their children won't do as well as they have. The more aggressively and effectively we deal with those issues, the less those fears may channel themselves into counter-productive approaches that pit people against each other.

The de industrialization of the US. economy based on the migration of corporations into third world areas where labor is very cheap and thus more profitable for these companies creates on the one hand conditions in those countries that encourage people to emigrate to the US. in search of a better life. On the other hand, it creates conditions here that send more black people into the alternative economies, the drug economies, women into economies in sexual services, and sends them into the prison industrial complex.

The economic base of that rural Oregon area used to be manufacturing and logging. And that went away and they feel nobody has been speaking to them and finally Donald Trump has spoken to them.