Get QuoteDark Inspirational Quotes App

" The Internet promises to open new channels for worker-firm communications. What are the consequences of this opening? "

Related Quotes:

" The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment. "

" The fact that a task cannot be computerized does not imply that computerization has no effect on that task. On the contrary, tasks that cannot be substituted by computerization are generally complemented by it. This point is as fundamental as it is overlooked. "

" I had never taken any economics. I literally didn't know what it was. I thought it was just about the study of money. "

" The fact that people are dropping out of the labour force says one of two things: either employers have no use for them, or they have no use for the jobs that are being offered at the wages they can command. "

" One would expect that a surge of new automation opportunities in highly paid work would catalyze a surge of corporate investment in computer hardware and software. Instead, the opposite occurred. "

" Jobs can change a lot without there being huge changes in employment rates. "

" Markets are, in many settings, self-organizing and 'efficient' in terms of maximizing the welfare of both buyers and sellers. "

" Our machines increasingly do our work for us. Why doesn't this make our labor redundant and our skills obsolete? Why are there still so many jobs? "

" A lot of the work in, say, construction or restaurants involves visual and motor flexibility. It also requires adaptability, in terms of answering questions, giving people directions, or taking orders. "

" I think we labor economists like to think of ourselves as being closer to the people. "

" Tax reform done right will improve incentives to invest in U.S. production and to repatriate profits. "

" There's always new work to do. Adjusting to the rapid pace of technological change creates real challenges, seen most clearly in our polarized labor market and the threat that it poses to economic mobility. Rising to this challenge is not automatic. It's not costless. It's not easy. But it is feasible. "

" Labor is getting a shrinking slice of a pie that's not growing very much. "

" If you think about it, many of the great inventions of the last 200 years were designed to replace human labor. Tractors were developed to substitute mechanical power for human physical toil. "

" Here's a startling fact: in the 45 years since the introduction of the automated teller machine, those vending machines that dispense cash, the number of human bank tellers employed in the United States has roughly doubled, from about a quarter of a million to a half a million. "

" I work a lot on skill demands and changes in labor markets having to do with technology and with trade as well. "

" Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market. "

" I did a lot of blue collar work. I also worked as a temp. I did, you know, light construction and cleaning. I did clerical temping. I also fix cars and motorcycles and electronics. "

" I'm a professor of economics and associate head of the MIT Department of Economics. "

" While I can't tell you what people are going to do for work 100 years from now, the future doesn't hinge on my imagination. "

" The long-term policies that will be most effective all have to do with investment: investing in ourselves, investing in opportunities, creating good schools, and creating situations where people can acquire skills that enable them to be successful. "

" Work is really wrapped up with identity. Work is not just money for most people. "

" There's a reason I write articles and go out for good dinners: because I'm better at research than cooking. And there are people who are much better at cooking than research, so it's mutually beneficial for us to specialize. "

" The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year, one third of the time. But most people don't choose to do that. They are willing to work hard to harvest the technological bounty that is available to them. Material abundance has never eliminated perceived scarcity. "

" Workers are basically supervisors of machines. "

" History has suggested that the pessimists have been wrong time and time again. "

" In 1986, the space shuttle Challenger exploded and crashed down to Earth less than two minutes after takeoff. The cause of that crash, it turned out, was an inexpensive rubber O-ring in the booster rocket that had frozen on the launchpad the night before and failed catastrophically moments after takeoff. "

" Workers and jobs are naturally heterogeneous, and the quality of their interaction when paired is difficult to forecast. "

" There was a great sag in employment beginning in 2000. "

" People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs. "