Angus Deaton Quotes

We are now paying the cost of people who move jobs overseas as taxpayers, and people are appalled when they hear that.

Globalization: We get cheaper running shoes—You lose your job!

The globalists gutted the American working class and created a middle class in Asia.

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.

Chinese workers making $1000 a year have been helping American designers, marketers, engineers, and retailers making $1000 a week, and up, earn even more.

Many large corporations in the last 20 years have decided that their business plan is to shut down manufacturing in Dayton and Toledo and move it to Wuhan and Shenzhen. And then they will sell products back into the United States. It’s a betrayal of this country and a betrayal of the middle class.

I think there's a big difference between the impact of trade agreements on corporate America and the impact on Mr. and Mrs. America. Corporate America has adjusted to them by investing lots of capital offshore... What we're doing is we're exporting jobs and importing products instead of exporting products and keeping jobs.

Miramar took jobs away from China; usually the jobs leave the U.S. and go to China.

You're not going to bring back all the jobs from China.

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.

One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.

The more worrying feature of the new global corporate structures is their capacity to devastate national labour markets by transferring their operations to cheaper locations overseas.

We talk about Hollywood being pro-labor, yet about 70% of our industry has been farmed out to Canada, meaning we are losing jobs like crazy. Where's organized labor asking how we can allow such a thing to happen?

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.

In the U.S. there are many people willing to work on $9 per hour, which is causing Tasmania to lose its famous apple industry and Australia to import more and more of its fruit and food from lower cost countries. In fact, all over Australia there are warning signs of us killing or restricting our own industries.

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.

The first reactions from Germany and German industry was quite negative. People right from the start were saying that we will steal technology and take it away and move the plant to India and use low cheap labor to compete.

Free trade is killing the labor movement.

There are practices which most people believe should be ended. They include … the shifting of actual production form one locality or region to another in pursuit of the cheapest wage scale.

Benedict Arnold CEOs send American jobs overseas.

While the effect of increased global trade is positive for economies as a whole, specific sectors get battered, and large swathed of unskilled workers find themselves unemployed or under employed.

People feel these job-killing trade agreements have really squeezed the middle class and caused lots of people to lose their middle-class status.

Whole communities have been devastated as good-paying jobs continue to leave the U.S.

What is good for General Motors is not good for America if General Motors is moving production out of the United States.

American jobs are being lost to foreign countries, and U.S. companies are urged to move their manufacturing plants, new technologies and headquarters overseas.