Jared Bernstein Quotes

These results reveal the breadth of the unprecedented gap between the pace of overall economic progress and the returns to working people. - Jared Bernstein

These numbers reveal a labor market that's not bouncing back quickly enough to absorb new entrants along with the people laid off during the downturn. - 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. - Jared Bernstein

These are workers who have the weakest bargaining leverage and are most likely to be exploited, particularly in a period where you have a weak labor demand and a large labor supply. - Jared Bernstein

There were close to 200,000 jobs cut in the past couple of months, making them the worst two months of last year. The jobless recovery is not only lingering, it's deepening. - Jared Bernstein

There may be some signs that a fledgling recovery is beginning to take hold in the labor market, but we have had these kinds of moves [before], so we don't want to make too much out of it. - Jared Bernstein

There is no reason to believe...that Congress has authorized the Department of Labor to dramatically reduce coverage...taking overtime protection away from millions of workers. Yet that is exactly what the Department of Labor has proposed. - Jared Bernstein

The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed... This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery. - Jared Bernstein

The problem isn't simply that families are facing higher prices, particularly at the pump. It's also that they're facing lower wages. If wages were keeping pace with inflation, the pinch wouldn't be as hard. - Jared Bernstein

The private sector's just not generating enough jobs here, and I would love to see some of the policy-makers in [Washington] wake up and take notice. - Jared Bernstein

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