Barack Obama Quotes

Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class.

The introduction of machinery is turning into idleness thousands, faster than new industries are founded

The bottom line is there are lots of problems that were not created by government. The biggest one is loss of middle class incomes, loss of good-paying jobs which was created by technology and globalization. Above all, when you can move a job to China or India, it reduces wages.

Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.

The global equalization of wages and the exponential growth in technology has created a job-killing machine that's only going to get worse.

The Negro is trying to enter a social community and a tradition of work-and-income which are in the process of vanishing even for the hitherto privileged white worker Jobs are disappearing under the impact of highly efficient, progressively less costly machines.

Transformation in the nature of work tend to brings wrenching social changes in their wake.

The loss of manufacturing jobs is a sign of economic health.

This is … a time when there is increasingly no such thing as a high-wage, middle-skilled job — the thing that sustained the middle class in the last generation. Now there is only a high-wage, high-skilled job. Every middle-class job today is being pulled up, out or down faster than ever. That is, it either requires more skill or can be done by more people around the world or is being buried — made obsolete — faster than ever

Most of the jobs that are going from the United States are not going to other countries; they are going to machines.

I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries.

Job displacement is so huge, I'm tempted to not talk about anything other than that.

I think that when voters react negatively to trade and investment, they are really expressing their angst about the pace of technological change.

As our farms and factories grew more efficient, they accounted for a shrinking share of our economy. And the more productive agriculture and manufacturing became, the fewer people they employed.

What is happening with automation and globalization, that's not going away.

We need to wake up to the fact that it is not immigrants who are causing economic dislocations. It is technology and an evolving economy that is pushing more and more Americans to the sidelines.

There is a fear of innovation because people are afraid of job loss.

The structural changes of globalization and automation that has created concentrated wealth among some people who have had the right skills and the right opportunities has also created extraordinary disruption and havoc among the American middle-class.

What Donald Trump is, is not movement of change, it's a reaction to global change, it's a total reaction to global change. It's transformational change in the world done by transportation, technology and all that. And people, most of Donald Trump's voters want to go back.

The globe is shrinking, the information age is bringing a lot of changes. People are anxious about their future and their children's futures.

I don't think we replaced the Soviet Union with Al Qaida. I think we replaced, we should have, Soviet Union with the merger of globalization and the IT revolution. I think it's that. That is the real challenge that we face today. Unlike the Soviet Union, it has no face, it has no missiles, but it is something that challenges every job, every city and every community.

Without new economies, our old economies get our jobs taken from them because everyone else has figured out how to do it.

Capital burns off the nuance in a culture. Foreign investment, global markets, corporate acquisitions, the flow of information through transnational media, the attenuating influence of money that's electronic and sex that's cyberspaced, untouched money and computer-safe sex, the convergence of consumer desire--not that people want the same things, necessarily, but that they want the same range of choices.

Part of what's changed in politics is social media and how people are receiving information.

As the twentieth century ends, commerce and culture are coming closer together. The distinction between life and art has been eroded by fifty years of enhanced communications, ever-improving reproduction technologies and increasing wealth.