Janet Yellen Quotes

Outsourcing was the bogeyman of the '90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.

In the long run, trade works for America.

Trade creates jobs.

The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it.

And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.

Businesses are no longer receiving the cost savings from outsourcing that they once did.

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.

Trade helps bring us products cheaply, but there is no guarantee whatsoever to assume that it will allow us to replace the jobs that have been lost, and there is no mechanism under productivity that says that, either.

Offshoring is only the latest manifestation of the gains from trade that economists have talked about at least since Adam Smith… More things are tradable than were tradable in the past, and that’s a good thing.

The people see the layoffs. We must also show them the payoffs of trade.

Let’s export American products, not American jobs.

Globalization has very materially improved the standard of living in the Unitied States... as it has for those countries that have chosen to operate with free trade…. Although none of us likes our competitors, competition has greatly improved our standard of living.

We want to export our products but not our jobs.

I wanted to be clear that Republicans will continue to be a champion for expanding economic freedom to trade. It is at the heart of our free-enterprise system.

Trade brings freedom and well-being for all.

Trade is a source of strength and an engine of growth for America.

There is no reason that America can't compete in a global economy, and I love being one small proof point in that.

Filipino businessmen must have the ability to compete freely in the global economy.

That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.

It's well proved economics that if a country which is rich and a country that is poor come together in global trade, sooner or later the standard of living of the poor country will go up towards that of the rich country.

We are beginning to see the benefits of global consolidation.

I think bolstering free trade is a boon to the dollar.

If you're a global company you are going to have jobs overseas. The reality is if we start taxing those jobs at a rate that makes them noncompetitive in those markets, the reality is that we're going to lose business.

A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.

Will the industry outsource more? I think it depends on the client base.