98 Quotes by Jared Bernstein
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- Author Jared Bernstein
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Whether we're into another period now where employers are turning really cautious again ... warrants close observation,
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Ultimately unemployment will peak somewhere around 6.2 or 6.3 percent,
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We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.
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It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.
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With stagnant hourly wages, the only way for working families to get ahead is by working more hours, ... certainly not the path to improving living standards that we'd expect in an economy posting strong productivity gains.
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Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.
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The government should be actively enforcing the high road.
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The full employment situation reinforces itself.
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The bottom line is that it's better to run a workforce on security than insecurity.
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