Wage Stagnation Quotes

Walmart's period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.

U.S. trade policy has been a disaster for American workers.

Shipping middle-class jobs to China, or hollowing them out with machines, is a win for smart managers and their shareholders. We call the result higher productivity. But, looked at through the lens of middle-class jobs, it is a loss.

[It] is exactly what politicians want. They want you to feel and behave like children while they pretend to be the all-knowing benevolent father. While they rile you up about how immigrants are stealing your jobs, they distract you from enlightening facts, including the assessment of some experts that the influx of Latino immigrant workers of the past 25 years has had less effect on employment patterns than factories that moved abroad, the decline of labor unions and the recurring recessions. So while we’re told to focus on building a massive wall to keep out immigrants, the real causes of job loss and economic instability continue unabated.

Human labor is becoming the cheapest of commodities.

Lots of hardworking, blue-collar people across America have lost their jobs since the 1990s - victims of the globalist policies of the Bushes and Clintons.

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

American men do have genuine reasons for anxiety. The traditional jobs that many men have filled are disappearing, thanks to automation and outsourcing. The jobs that remain require, in most cases, higher education, which is increasingly difficult for non-affluent families to afford.

Globalization obviously has the potential to be good. That doesn't mean it's good for everybody. There's a very large number of people in India and China who benefited directly from globalization, but it doesn't mean everybody in America benefits from globalization.

You've got the principled people who maybe are on salaried jobs, or CEOs, entrepreneurs, and all of those that are great people, but if you're not appealing - the permanent coalition is to join that with traditional Americans who feel like, that things aren't going well for them, and to develop policies that improve their lifestyle, not just upper-income lifestyles. And once that's believed by working people, that it's serious and a commitment and you care about people like me, for a change, Republicans could create a new majority.

Unfortunately, President Obama's failed policies of new regulations, higher taxes, and Obamacare and his anti-business rhetoric have hit Hispanics especially hard. Big government really hurts those who are trying to make it.

If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.

Some people welcome the flexibility of a zero-hours contract. But their growth is symptomatic of a wider issue - increasing job insecurity and falling living standards in David Cameron's Britain.

Economies are risky. Some industries rise, and others implode, like housing. Some places get richer, and others drop, like Atlantic City. Some people get new jobs that pay better, many lose their jobs or their wages.

The issue is the Republican Party has been paying too much attention to Wall Street and not enough attention to Main Street.

The South presents right now the Nation’s No. 1 economic problem.

Inflation eats away at ties that bind us together as a people.

When I was younger, I remember families like mine who had to deal with the disastrous policies of the 1970s.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

Who in the world wants to run a country where the new norm is one where there are no jobs?

America's vast population of working poor can only get so poor before even Walmart is out of reach.

Our message of strengthening the middle class, working people, we just didn't penetrate well enough and we didn't have the kind of turn out that we really needed or expected.

The hollowing out of the middle class is a problem common to all Western industrialized economies. Maybe we should work together to solve it.

America faces very real challenges. The climate crisis, inequality, stagnant wages, student debt - the list goes on. Rather than address these serious problems, Trump uses hate-filled rhetoric to divide America by race, religion, and ancestry.

Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.