I don't think it's a fait accompli that it's going to make the middle class poor in the United States. But I do think it's a useful warning that this is going to be tough for a large swath of workers in the United States, if managed poorly.
More Quotes from Josh Bivens:
You can't read this GDP report and expect it to translate into a good report tomorrow. Employment is a lagging indicator, so it will be at least two quarters, or maybe even four quarters, before better growth numbers translate into better jobs numbers.Josh Bivens
This is a better-than-expected report, but not one that gives you full confidence that this is an economy ready to spring ahead.
Josh Bivens
Any attempt to forecast what skills will be needed 10 years from now is just folly. If 10 years ago someone told you financial analysts were a job that was going to be exposed to intense global competition, a lot of people probably would not believe it but that definitely seems to be a possibility today.
Josh Bivens
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Based on Keywords: accompli, fait, swathWe sleep safe in our beds because rough men stand ready in the night to visit violence on those who would do us harm.
George Orwell
I loved old movies as a kid, so I always watched old movies.
Keith David
And for a very special group of people, we've provided their only job. I'm speaking of course of the disabled. They have stated they don't want a hand out just a hand. We are happy to give them one.
Carl Karcher