Steven Rattner Quotes

We've outpaced Japan and Europe in creating new jobs, but there's major competition from India and China. It's not enough to make income tax cuts permanent.

Western companies want access to Indian talent. That is why they outsource; that is why they come to India to set up base.

We believe in the vision of 'Make in India,' and our proposed joint venture with Rafael is a step in this direction.

Leaders in China and India realize that science and technology lead to success and wealth. But many countries in the West graduate students into the unemployment line by teaching skills that were necessary to live in 1950.

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.

Low-wage jobs have gone offshore. We need to innovate to stay competitive.

There are people walking around the streets of Kansas City who are unemployed, while one of our largest employers is not only sending jobs aboard, but then turning around and making a statement about preserving jobs.

I invite you to leverage Serbia because we have talented young professionals who are multilingual, highly educated, and willing to work for competitive wages.

There is a large change coming in the jobs of America and competition from abroad. We should prepare for it rather than let history overwhelm us.

China's continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.

There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had some recovery in manufacturing employment as the economy's recovered.

Thomas Friedman's 'The World is Flat' sold more copies in India than in the U.K. The market for go-getting business books or wonkish tomes by corporate moguls posing as philosopher kings has grown dramatically in modernising China and India.

By now, it seems as if everyone has already read Thomas L. Friedman's 'The World Is Flat: A Brief History of the Twenty-First Century.' It changed the way we think about global business, competitiveness and the implication for far-flung economies, governments, education and more.

President Bush has said that the economy is growing, that there are jobs out there. But you know, it's a long commute to China to get those jobs.

The Philippines ranks among top off-shoring hubs in the world because of cost competitiveness and, more importantly, our highly trainable, English proficient, IT-enabled management and manpower.

There is no better form of trade a developing nation can engage in than to sell services provided by an educated population.

South Africa has all the tools to compete in the new global village - an eager workforce, ready to take on any challenge.

In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

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.

It is U.S. workers who lose out when employers cannot get the high-tech graduates they need to compete with foreign companies in the 21st century economy.

You lose manufacturing jobs, you rarely ever get them back again.

You know, in China, they say, come on over, we'll build the plant for you. Of course, then they steal your patents, but the reality is that they are aggressively trying to take our jobs. Every other country is. They know that to have a middle class, you have to make things.

India's great economic boom, the arrival of the Internet and outsourcing, have broken the wall between provincial India and the world.

We hear a lot about rebuilding Detroit, and we just spent $70 billion to bail out the auto industry - well, they need to be cost competitive, too. If they have high-cost energy, those suppliers are going to move to Japan or Mexico instead of Michigan and Tennessee.

With 1.7 million private sector jobs lost and half a million jobs shipped overseas over the past three years, we must take action to spur job creation and restore economic prosperity.