Jared Bernstein Quotes


19 Jared Bernstein quotes:



"It's a pretty classic story of an economy that's leaving middle-income households behind. The gap between how this economy's doing and the living standards of the median family has never been larger."
"It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind,"
"In a strong economy, hours and output can both grow, so long as output grows at a faster rate, thus resulting in productivity growth. But... productivity can also grow in a slowdown or recession, when a decline in hours outpaces weak or nonexistent output growth."
"Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share."
"If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that."
"There is no reason to believe...that Congress has authorized the Department of Labor to dramatically reduce coverage...taking overtime protection away from millions of workers. Yet that is exactly what the Department of Labor has proposed."
Author: Bernstein Quotes Category: Congress Quotes
"While we continue to generate middle-class jobs, I would say we're doing so at a slower pace than we have in the past."
Author: Bernstein Quotes Category: Class Quotes
"This is a pretty negative report. The reason unemployment ticked down is the labor force contracted. That suggests fewer people are getting into the game, looking for work, and that kind of discouragement can lead to a lower unemployment rate."
Author: Bernstein Quotes Category: Force Quotes
"Given the growth of the population and labor force and improvements in productivity, we need to be adding somewhere in the neighborhood of 150,000 jobs per month to nudge unemployment down."
Author: Bernstein Quotes Category: Force Quotes
"Any large fall in labor force participation at this point suggests that the labor market is not growing out of recession, but rather that discouraged job seekers are giving up, or not beginning, their job search."
Author: Bernstein Quotes Category: Force Quotes
"Folks at the top of the income scale definitely notice when they're paying $3.50 a gallon for gasoline. But for them, that doesn't necessarily mean they are going to have to cut back elsewhere, ... Younger families have lower incomes."
Author: Bernstein Quotes Category: Income Quotes
"Unless working families can give up food and gas, this combination of slow wage growth and faster inflation continues to pinch."
Author: Bernstein Quotes Category: Food Quotes
"Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end."
Author: Bernstein Quotes Category: Growth Quotes
"As this recovery gets under way, professional services have begun adding jobs fairly broadly."
Author: Bernstein Quotes Category: Jobs Quotes
"A number of other reports suggest the labor market is finally hitting its stride, one weekly claims number is not enough to undermine that conclusion."
Author: Bernstein Quotes Category: Labor Quotes
"This could mean that the labor market is another area coming on line in the nation's recovery."
Author: Bernstein Quotes Category: Labor Quotes
"These results reveal the breadth of the unprecedented gap between the pace of overall economic progress and the returns to working people."
Author: Bernstein Quotes Category: Progress Quotes
"The job market is slowly tightening. We are wringing out the slack. But we're only six months into a process that could take a year and a half."
Author: Bernstein Quotes Category: Job Quotes
"However, a far larger gap exists when we compare net worth: minorities' net worth was about 27 percent of whites, about half the size of the income ratio."
Author: Bernstein Quotes Category: Worth Quotes



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