labor market challenges Quotes

The biggest challenge of public policy is to know when and how the world has changed. We are no longer an empty continent with endless absorptive capacity. We have a cash-wage economy that is having terrible problems finding jobs for its own people. The concern about immigration is not nativism but common sense.

The very notion that millions of workers displaced by the re-engineering and automation of the agricultural, manufacturing, and service sectors can be retrained to be scientists, engineers, technicians, executives, consultants, teachers, lawyers and the like, and then somehow find the appropriate number of job openings in the very narrow high-tech sector, seems at best a pipe dream, and at worst a delusion.

We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.

Look the, the American worker has been losing - for decades now. We've seen manufacturing in decline here in the industrial Midwest.

Many men ridicule the idea that it can be scientifically handled. They tell us the unemployed have always been with us, and always must be. It is the oldest reason in the world for tolerating injustice and misery.

U.S. labor leaders will realize that automation can multiply man's wealth far more rapidly than it is multiplying at present and that automation will leave all men free to search and research... Realizing the direct competition with foreign industry on a straight labor basis will mean swiftly decreasing wages per hour and longer hours and decreasing buying power of the public.

No country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is the greatest menace to our social order.