It's hard to blame productivity growth for a lot of manufacturing job losses.
More Quotes from Martin Baily:
The United States is a country where people see the future as better and see themselves as making a better future for themselves.Martin Baily
Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.
Martin Baily
While the short-term growth outlook is somewhat weaker, the underlying economic fundamentals remain strong. This is not the time to abandon fiscal discipline in favor of large tax cuts. Maintaining a fiscal surplus helps keep interest rates attractive for
Martin Baily
The number of people around the world that are really qualified to substitute for American workers is much smaller than people believe.
Martin Baily
The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back.
Martin Baily
They could make the changes they need to make, and move forward, or they could get left behind. The US is better off. We have a full-employment economy.
Martin Baily
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