Arancha Gonzalez Quotes

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.

We have come to the point where a new machine invented in England deprives millions of Chinese workers of their livelihood within a year's time.

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

If our institutions can’t build consensus and respond to the demand of Americans for jobs today, how will we ever do it in a time when artificial intelligence and robotics kick in and five times that number of jobs disappear twice as fast?

Chinese economic development has cost many American workers their jobs. That's the price of progress.

Look at trade and automation: two competing but slightly overlapping forces in the shrinking of the duration of jobs right now. We have to be able to talk honestly about how disrupted this world is going to be, and it is crazy to mislead people and say we're going to bring back all of the big factory jobs by creating a protectionist regime.

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.

Any discrimination, like sharp turns in a road, becomes critical because of the tremendous speed at which we are traveling into the high-tech world of a service economy.

I'm afraid for all those who'll have the bread snatched from their mouths by these machines. What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them!

Luddism is no longer with us, but today we seem to be overtaken by its opposite, the inevitability of technological change coupled with the blind belief in capitalism's ability to provide us with all we need.

The economic development of industrial society tends inevitably to the ruin of small industries.

For most of history, the prime source of human insecurity was nature. Capitalist societies have been oriented toward innovation and dynamism, to the creation of new knowledge, new products, and new modes of production and distribution. All this has shifted the locus of insecurity from nature to the economy.

There is a trend worth worrying about, which is the disappearance of manufacturing jobs from the workforce. Shortly after World War II, about one-quarter of employed Americans held manufacturing jobs. Now less than one-tenth do. From the perspective of individual businesses, this change is natural and desirable—rising productivity by definition means fewer people making more things. But it is troublesome for society as a whole, since factory jobs have historically buoyed the middle class and given rise to future industries and jobs, virtuous-cycle style.

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.

I think a lot of scapegoating has been done on NAFTA. The reality is, a lot of the jobs have been lost mostly to technology. And that is something that happens well beyond the reach of NAFTA or any other trade agreement.

Our globalized, automated economy is full of magic - Everyday Low Prices and next-day delivery on that single Gatorade you one-clicked. But it is also full of loss - of jobs, of the dignity of steady work, of chances to rise.

The economic reality is that, thanks to smart machines and global trade, the well-paying, middle-class jobs that were the backbone of Western democracies are vanishing.

Historically, industrial revolutions haven't been kind to poor people. Despite the potential benefits technology can offer, the immediate impact on the lowest-paid members of society has often been negative.

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

Back in the 1980s parts of our country were devastated by de-industrialisation. This wave of globalisation and the first fruits of technological innovation destroyed industrial jobs or exported them to low-wage economies. The loss of work had a devastating impact.

What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement.

The United States faces structural employment problems because of the long-term effects of globalization and technology. This was only exacerbated by the Great Recession.

It is easy to underestimate in advance the impact of globalization and automation - I have done it myself.

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

Dating back at least as far as the Luddites of early 19th-century Britain, new technologies cause fear about the inevitable changes they bring.