Big Quote by Barack Obama
“What is a danger is that we stay stuck in a new normal where unemployment rates stay high, people who have jobs see their incomes go up, businesses make big profits. But they're learned to do more with less, and so they don't hire.”
About This Quote
Source Speech: Economic Commentary, 2016
Economic inequality persists when productivity rises but hiring does not, leading to a stagnant job market.
In simple terms: Unemployment stays high despite higher profits.
Key Takeaway
Address hiring practices to share productivity gains.
Themes
economics
inequality
employment
Mood
concerned
analytical
Type
political
economic
When to use this quote
- policy making
- business strategy
- career planning
Key Concepts
productivity
labor market
profit distribution
Questions to Reflect On
- What policies could incentivize hiring?
- How can workers benefit from productivity gains?
A Different Perspective
Higher profits don’t automatically translate to more jobs.
![“That is another theme in the book [Dreams from My Father]. How do we exercise more empathy in our public discourse? How do we get the black to see through the eyes of the white? Or the citizen to see through the eyes of the immigrant? Or the straight to see through the eyes of the gay? That has…” quote by Barack Obama](https://sms4smile.com/quotes/img-quotes/00d/barack-obama-17_black_that-is-another-theme-in-the-book-dreams_10185.jpg)
