9 Quotes by Martin Baily
- Author Martin Baily
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Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.
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- Author Martin Baily
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While the short-term growth outlook is somewhat weaker, the underlying economic fundamentals remain strong. This is not the time to abandon fiscal discipline in favor of large tax cuts. Maintaining a fiscal surplus helps keep interest rates attractive for investment.
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- Author Martin Baily
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The United States is a country where people see the future as better and see themselves as making a better future for themselves.
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The number of people around the world that are really qualified to substitute for American workers is much smaller than people believe.
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It's hard to blame productivity growth for a lot of manufacturing job losses.
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They could make the changes they need to make, and move forward, or they could get left behind. The US is better off. We have a full-employment economy.
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The first challenge he has to face ... is where is this economy going right now.
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The I.T.-producing industry itself, with its extraordinarily rapid pace of change, certainly has contributed to overall productivity growth. But now we're getting a bigger share from the rest of the economy.
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The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back.
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