Martin Baily
Martin Baily
Martin Neil Bailyis an economist at the Brookings Institution and formerly at the Peterson Institute. He is best known for his work on productivity and competitiveness and for his tenure as a cabinet member during the Clinton Administration. He was one of three members of the Council of Economic Advisers from 1994 to 1996, and chairman of the Council from 1999 to 2001. He currently co-chairs the Bipartisan Policy Center's Financial Regulatory Reform Initiative and serves as a Senior Advisor...
blame growth hard job
It's hard to blame productivity growth for a lot of manufacturing job losses.
changes left move
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.
country future people states themselves united
The United States is a country where people see the future as better and see themselves as making a better future for themselves.
abandon attractive discipline economic favor fiscal growth helps interest large outlook rates remain somewhat surplus tax time underlying
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.
employment growth periods rapid strong
Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.
number people qualified smaller substitute workers
The number of people around the world that are really qualified to substitute for American workers is much smaller than people believe.
bigger certainly industry overall pace rapid rest share
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.
jobs loss
The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back.
challenge economy face
The first challenge he has to face ... is where is this economy going right now.