Economic Shifts Quotes

Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very much in the shadow of decline. Others that are thought of as seasoned growth industries have actually stopped growing. In every case, the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management.

All the big revolutions, whether it's the Industrial Revolution, the Arab Spring, those changes happened by economic and social shifts brought about by the people's voices, and those things weren't voted for. Most of our changes today are brought about through technology, not by voting.

In the years that I've been in this business, a lot of things have changed in a major way. In all aspects.

History is neither more nor less than biography on a large scale.

People say free trade causes dislocation. In actual fact, it's the lowering of trade barriers that causes the dislocation.

Because of new technologies, new wealth, new conditions of domestic life and of international relations, unprecedented criteria and issues are coming up for national decision.

All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.

As an investor, I'm always scouting for new trends.

I can't really blame a lot of young sisters and brothers who believe that education has anything to offer them. Because as a matter of fact, it has nothing to offer them. Suppose they do get a high school diploma that is meaningful. What kind of job is awaiting them. The jobs that used to be available to working class people are not there as a result of the de-industrialization of this economy.

If the 1980s were about quality and the 1990s were about reengineering, then the 2000s will be about velocity.

And then the industry itself was so cocky about what they were doing that they weren't seeing what was coming on the horizon with Japan and Germany and other places that were building smaller cars.

My second piece of advice is to stay global. As the world continues to change and we become more connected to each other, globalization will bring both benefits and disruptions to our lives. But either way, it's here, and it's not going away.

The golden age of Luncheon Vouchers ended ten yearsago. For ten years Mickey had been saying, "The goldenage of Luncheon Vouchers is over." And that's what Archieloved about O'Connell's. Everything was remembered,nothing was lost. History was never revised orreinterpreted, adapted or whitewashed. It was as solid andas simple as the encrusted egg on the clock.

That so-called feminine ardor for clothes shopping had been flagging for some time. Between 1980 and 1986, at the same time that women were buying more houses, cars, restaurant dinners, and health care services, they were buying fewer pieces of clothing-from dresses to underwear.

With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

New technologies, innovative management, higher productivity, displacements in the labour market, increased migration - these are all provoking major economic, social, and political shifts. These shifts need to be better understood if we are to address them in a positive and effective manner.

In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment; (2) our increased size; and (3) substantially more competition.

The innovation industries are rapidly going global. In five years, more than 50% of venture capital returns will come from markets outside the United States, including China, India, Brazil, and Australia, and AlwaysOn events are on top of these trends.

If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

I'm interested in smokers standing on ledges, and big box stores, the rise of the suburbs, and the hollowing out of small towns. Self-storage. Things that didn't exist 50 years ago. Our common culture. What we have agreed is OK to live with.

Every century or so, fundamental changes in the nature of consumption create new demand patterns that existing enterprises can't meet.

To every trend there is a counter-trend. There are a number of pendulums operating and each creates new business opportunities.

The celebration of homeownership seems to be part of a countermovement against popular owning of shares in corporations.