martin baily

It's hard to blame productivity growth for a lot of manufacturing job losses.

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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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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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The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back.

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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 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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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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