James K. Galbraith Quotes
We need to give up the idea that economic growth alone can or will reach down to provide good jobs to the chronically unemployed .... Only a strong program of public employment has ever achieved that in the past ...
James K. Galbraith, Economist, Political Scientist & Educator, Staff Director, Joint Economic Committee of the Congress, Son of John Kenneth Galbraith, "Why the Recovery Isn't Working For Everyone," The Washington Post, May 26, 1996
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There has been no other candidate for President who ever made a statement like this. Other candidates typically promise to work hard at a facet of the presidency, or claim that their background or experience will make them very qualified, and many quote others as to their likely success. Trump's authority is Trump. And he assures us that God never created any other president as great as he would be in the area of growing the economy and creating jobs.
This surprising quotation, along with others a far from main steam American views (See {623830} ) assured her election defeat.
The existence of a groups of de facto “unemployable” people has been with our country since its inception. However over time, the cadre of unemployable people has changed as the simple jobs are lost to automation and computerized solutions and the jobs that are left require an extensive education and skills set. While the New Deal programs helped reduce the numbers of unemployable people, and WWII required such great production, by the 21st century, the “unemployable” population had grown substantially and proportionately from 1936.
In the 19th century, most socialists thought that the government was the major creator of jobs. In the 20th century, most socialists acknowledged that jobs could emanate from both the public and private sectors. Here in the 21st century, one of the world’s leading socialists, stated that private companies were necessary for full employment.
The good jobs that support middle and upper middle class lifestyles are growing at a lesser rate than the minimum and low wage jobs.
James Kenneth Galbraith is an American economist who writes frequently for the popular press on economic topics. He is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association, created in 2011.
