Quotations
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Jared Bernstein Quotes
«[They also focus on two areas - healthcare and energy - where inflation is eating away at spending power.] You either need wages to pick up or inflation to slow down, ... There may be a bit of both in coming months.»
Author: Jared Bernstein
«These losses may reflect the fact that consumers facing higher energy prices and falling real [inflation-adjusted] wages are cutting back on discretionary spending.»
Author: Jared Bernstein
«[Yet this peppering of data notwithstanding, economists are not too sanguine about the immediate prospects for income growth on the bottom rungs of the wage scale.] The job market is slowly tightening, ... We are wringing out the slack. But we're only six months into a process that could take a year and a half.»
Author: Jared Bernstein
«The economy's doing fine, except if you figure in working families, ... We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.»
Author: Jared Bernstein
«We did not see the tremendous upsurge in injuries we thought we might get, ... It gets really difficult when it is tremendously hot during the night - not just when it is really hot days, but when it is really hot weeks.»
Author: Jared Bernstein
«[Economists said the data suggested a long-awaited change in the outlook of employers, a movement away from years of reluctance to add new workers.] The rate of job creation from 2000 through mid-'04 was just stuck in the cellar, ... and this was an underappreciated, ongoing cause of the jobless recovery.»
Author: Jared Bernstein
«We did not see the tremendous upsurge in injuries we thought we might get. It gets really difficult when it is tremendously hot during the night - not just when it is really hot days, but when it is really hot weeks.»
Author: Jared Bernstein
«The economy's doing fine, except if you figure in working families. We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.»
Author: Jared Bernstein
«Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end.»
Author: Jared Bernstein
«It's one thing to run faster in place when the rest of the economy is stagnating as well. But it cuts a little deeper when policymakers are telling you the economy is fine, and you are falling behind.»
Author: Jared Bernstein