Labor Market Disruption Quotes

Modern ingenuity has made it possible for a child to run some of the machines and the child will get the job while the men must tramp.

While the effect of increased global trade is positive for economies as a whole, specific sectors get battered, and large swathed of unskilled workers find themselves unemployed or under employed.

The great question, however, for the poor man is, or shortly will be, that of escape from competition with labor-saving machinery

History suggests that economic upheavals such as the Industrial and Information Revolutions eventually play themselves out and leave the entire world better off.

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.

The progressive integration of new technologies in our economy amounts to a paradigm shift with a profound impact on the context and content of work.

And a revolution of automation finds machines replacing men in the mines and mills of America, without replacing their incomes or their training or their needs to pay the family doctor, grocer and landlord.

People feel these job-killing trade agreements have really squeezed the middle class and caused lots of people to lose their middle-class status.

As a technologist, I see the trends, and I see that automation inevitably is going to mean fewer and fewer jobs. And if we do not find a way to provide a basic income for people who have no work, or no meaningful work, we’re going to have social unrest that could get people killed. When we have increasing production - year after year after year - some of that needs to be reinvested in society.

Miramar took jobs away from China; usually the jobs leave the U.S. and go to China.

Are we prepared for an economy in which 50 percent of people aren't working?

When I met with Chinese policymakers in 2006, I advised them that there was a limit to how long they could rely on the U.S. consumer market, as jobs offshoring was destroying it.

All you have to do is take a look at Carrier air conditioning in Indianapolis. They left - fired 1,400 people. They're going to Mexico. So many hundreds and hundreds of companies are doing this. We cannot let it happen.

Efficiency innovations are a natural part of the economic cycle, but these are the innovations that streamline process and actually reduce the number of available jobs.

My dad was in furniture for 35 years. He got run out of furniture when everything went to China, went overseas. Manufacturing in the country broke down. Everything left.

Trends such as skills imbalances, the gig economy, and digitization are transforming work so quickly that policy creation is lagging behind.

This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression.

Businesses are no longer receiving the cost savings from outsourcing that they once did.

High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.

I have been photographing the portrait of an end of an era, as machines and computers replace human workers. What we have in these pictures is an archeology.

Robots are the new middle class. And everyone else will either be an entrepreneur or a temp staffer.

If the GOP wants to know why it lost the Reagan Democrats, it is because the GOP exported their jobs to Mexico and China.

Chinese economic development has cost many American workers their jobs. That's the price of progress.

The United States faces structural employment problems because of the long-term effects of globalization and technology. This was only exacerbated by the Great Recession.

In the past, we've always come up with new jobs for humans to do and so it's always benefitted us, technological progress, but now we're not really creating enough new jobs to replace the jobs that are being automated.