--- title: "Meaning & Key Takeaway of: Technology has been advancing so fast…" description: "\"Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant ..." image: "https://sms4smile.com/quotes/i/ce0/joseph-stiglitz-1351_back_technology-has-been-advancing-so-fast-th_2296973.jpg" --- # Technology has been advancing so fast that the number of… ![“Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/ce0/joseph-stiglitz-1351_back_technology-has-been-advancing-so-fast-th_2296973.jpg) [Download](https://sms4smile.com/quotes/i/ce0/joseph-stiglitz-1351_back_technology-has-been-advancing-so-fast-th_2296973.jpg) [Open image](https://sms4smile.com/quotes/i/ce0/joseph-stiglitz-1351_back_technology-has-been-advancing-so-fast-th_2296973.jpg) > “Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Rapid tech advances cut manufacturing jobs, and political promises to restore them are unrealistic. **In simple terms:** Technology reduces manufacturing jobs; political promises are unrealistic. Key Takeaway Adapt workforce to emerging sectors. Themes economics technology labor market politics manufacturing Mood cautious analytical Type analytical critical When to use this quote - career retraining - education reform - industry diversification - government policy Key Concepts Structural unemployment automation policy feasibility Questions to Reflect On - How can societies mitigate job loss from automation? - What policies truly support displaced workers? A Different Perspective Transition periods cause short‑term hardship. ★ ★ ★ ★ ★ No ratings yet [Back](https://sms4smile.com/quotes/about/back/) [Fast](https://sms4smile.com/quotes/about/fast/) [Globally Manufacturing](https://sms4smile.com/quotes/about/globally-manufacturing-5418818/) [Jobs Globally](https://sms4smile.com/quotes/about/jobs-globally-5418819/) [Manufacturing](https://sms4smile.com/quotes/about/manufacturing/) [Manufacturing Declining](https://sms4smile.com/quotes/about/manufacturing-declining-5418817/) [Manufacturing Jobs](https://sms4smile.com/quotes/about/manufacturing-jobs-246422/) [Numbers](https://sms4smile.com/quotes/about/numbers/) [Technology](https://sms4smile.com/quotes/about/technology/) [Way](https://sms4smile.com/quotes/about/way/) ## Related quotes > [Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.](https://sms4smile.com/quotes/joseph-stiglitz/globally-manufacturing-jobs-are-on-the-decline-simply-because/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I am going to bring back infrastructure jobs, advanced manufacturing jobs, clean renewable energy jobs, innovation, technology, small business.](https://sms4smile.com/quotes/hillary-clinton/i-am-going-to-bring-back-infrastructure-jobs-advanced-manufacturing/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true…](https://sms4smile.com/quotes/christina-romer/in-the-four-decades-after-world-war-ii-manufacturing-jobs-paid-more/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [America has lost nearly one-third of its manufacturing jobs since 1997 following the enactment of disastrous trade deals supported by Bill and Hillary Clinton.](https://sms4smile.com/quotes/donald-trump/america-has-lost-nearly-one-third-of-its-manufacturing-jobs-since/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.](https://sms4smile.com/quotes/jerry-costello/since-2000-we-have-lost-2-7-million-manufacturing-jobs-of-which-500/) [Jerry Costello](https://sms4smile.com/quotes/author/jerry-costello/) > [To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global…](https://sms4smile.com/quotes/steven-rattner/to-be-sure-india-has-achieved-enviable-success-in-business-services/) [Steven Rattner](https://sms4smile.com/quotes/author/steven-rattner/) > [I've travelled to many states and seen the suffering in people's eyes I've visited communities in New York, New Jersey, Pennsylvania, Connecticut, Indiana and…](https://sms4smile.com/quotes/donald-trump/i-ve-travelled-to-many-states-and-seen-the-suffering-in-people-s-eyes/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Ive put forward a plan to make sure that were bringing manufacturing jobs back to our shores.](https://sms4smile.com/quotes/barack-obama/ive-put-forward-a-plan-to-make-sure-that-were-bringing-manufacturing/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I want to bring more manufacturing jobs to America. For starters, I want to be behind the initative to build a manufacturing facility in…](https://sms4smile.com/quotes/antonio-brown/i-want-to-bring-more-manufacturing-jobs-to-america-for-starters-i/) [Antonio Brown](https://sms4smile.com/quotes/author/antonio-brown/) > [At a time when we are losing manufacturing jobs in this country, we should be doing everything we can to help our manufacturers stay…](https://sms4smile.com/quotes/debbie-stabenow/at-a-time-when-we-are-losing-manufacturing-jobs-in-this-country-we/) [Debbie Stabenow](https://sms4smile.com/quotes/author/debbie-stabenow/) > [After a decade of decline, this country created over half a million manufacturing jobs in the last 2.5 years.](https://sms4smile.com/quotes/barack-obama/after-a-decade-of-decline-this-country-created-over-half-a-million/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Unfair trade deals like the North American Free Trade Agreement eviscerated good-paying manufacturing jobs, putting more than 3 million U.S. workers out of work.](https://sms4smile.com/quotes/james-p-hoffa/unfair-trade-deals-like-the-north-american-free-trade-agreement/) [James P. Hoffa](https://sms4smile.com/quotes/author/james-p-hoffa/) > [Labor-rich manufacturing doesn't exist anymore. Manufacturing jobs are white-collar, Silicon Valley programmers or highly-skilled technicians. They are not going to employ lots of people.](https://sms4smile.com/quotes/david-brooks/labor-rich-manufacturing-doesn-t-exist-anymore-manufacturing-jobs-are/) [David Brooks](https://sms4smile.com/quotes/author/david-brooks/) > [You lose manufacturing jobs, you rarely ever get them back again.](https://sms4smile.com/quotes/graydon-carter/you-lose-manufacturing-jobs-you-rarely-ever-get-them-back-again/) [Graydon Carter](https://sms4smile.com/quotes/author/graydon-carter/) > [Being a Midwesterner, I know that many of the middle-class manufacturing jobs that had been at the heart of our economy are either gone…](https://sms4smile.com/quotes/eli-broad/being-a-midwesterner-i-know-that-many-of-the-middle-class/) [Eli Broad](https://sms4smile.com/quotes/author/eli-broad/) ## More by Joseph Stiglitz > [I grew up in a family in which political issues were often discussed, and debated intensely.](https://sms4smile.com/quotes/joseph-stiglitz/i-grew-up-in-a-family-in-which-political-issues-were-often-discussed/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.](https://sms4smile.com/quotes/joseph-stiglitz/but-individuals-and-firms-spend-an-enormous-amount-of-resources/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [China, with its large emerging middle class, is among the big beneficiaries of globalization.](https://sms4smile.com/quotes/joseph-stiglitz/china-with-its-large-emerging-middle-class-is-among-the-big/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those…](https://sms4smile.com/quotes/joseph-stiglitz/trickle-down-economics-is-a-myth-enriching-corporations-as-the-tpp/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they…](https://sms4smile.com/quotes/joseph-stiglitz/some-people-say-we-have-this-inequality-because-some-people-have-been/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much…](https://sms4smile.com/quotes/joseph-stiglitz/it-s-actually-a-tribute-to-the-quality-of-economics-teaching-that/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only…](https://sms4smile.com/quotes/joseph-stiglitz/in-an-economy-when-the-government-spends-more-and-invests-in-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.](https://sms4smile.com/quotes/joseph-stiglitz/the-laws-of-normal-economics-dictate-that-lower-taxes-combined-with/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [A less healthy America is not going to be as productive.](https://sms4smile.com/quotes/joseph-stiglitz/a-less-healthy-america-is-not-going-to-be-as-productive/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability -…](https://sms4smile.com/quotes/joseph-stiglitz/as-i-noted-in-my-nobel-lecture-an-early-insight-in-my-work-on-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [We noted the psychological problems facing many of the returning from Iraq veterans - of the 700,000 returning veterans, more than a 100,000 have…](https://sms4smile.com/quotes/joseph-stiglitz/we-noted-the-psychological-problems-facing-many-of-the-returning-from/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get…](https://sms4smile.com/quotes/joseph-stiglitz/world-war-ii-was-really-unusual-because-america-was-in-the-great/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for…](https://sms4smile.com/quotes/joseph-stiglitz/moreover-because-we-chose-to-finance-the-way-by-borrowing-our/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person…](https://sms4smile.com/quotes/joseph-stiglitz/i-ve-always-been-sceptical-about-the-notion-that-the-market-is-a/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages…](https://sms4smile.com/quotes/joseph-stiglitz/the-striking-thing-about-america-is-it-s-historically-extraordinary/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Explore all 251 Joseph Stiglitz quotes ](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## More Back quotes > [I always watch my matches back 100 times afterwards because that's how I improve. This is something I've always done, even in NXT.](https://sms4smile.com/quotes/mandy-rose/i-always-watch-my-matches-back-100-times-afterwards-because-that-s/) [Mandy Rose](https://sms4smile.com/quotes/author/mandy-rose/) > [I honestly would like to get that Frankie fight back.](https://sms4smile.com/quotes/chad-mendes/i-honestly-would-like-to-get-that-frankie-fight-back/) [Chad Mendes](https://sms4smile.com/quotes/author/chad-mendes/) > [Drumming's pretty physical. We sit at the back of the stage getting beat up like a workhorse.](https://sms4smile.com/quotes/tommy-lee/drumming-s-pretty-physical-we-sit-at-the-back-of-the-stage-getting/) [Tommy Lee](https://sms4smile.com/quotes/author/tommy-lee/) > [I never want to look back on any moment and say I could have done more. So I go all in.](https://sms4smile.com/quotes/scott-haze/i-never-want-to-look-back-on-any-moment-and-say-i-could-have-done/) [Scott Haze](https://sms4smile.com/quotes/author/scott-haze/) > [I wish that I had known back then that a mastery of process would lead to a product. Then I probably wouldn't have found…](https://sms4smile.com/quotes/elizabeth-george/i-wish-that-i-had-known-back-then-that-a-mastery-of-process-would/) [Elizabeth George](https://sms4smile.com/quotes/author/elizabeth-george/) > [It's what the people wanted at the time, but the country could not be half-segregated and half-integrated, just as it could not be half-slave…](https://sms4smile.com/quotes/george-wallace/it-s-what-the-people-wanted-at-the-time-but-the-country-could-not-be/) [George Wallace](https://sms4smile.com/quotes/author/george-wallace/) > [I've always stuck my arms behind my back anyway when trying to block a shot in the penalty area.](https://sms4smile.com/quotes/millie-bright/i-ve-always-stuck-my-arms-behind-my-back-anyway-when-trying-to-block/) [Millie Bright](https://sms4smile.com/quotes/author/millie-bright/) > [I'm sure at some point I will get back into coaching, but right now I need to focus completely on my kids.](https://sms4smile.com/quotes/patrick-ewing/i-m-sure-at-some-point-i-will-get-back-into-coaching-but-right-now-i/) [Patrick Ewing](https://sms4smile.com/quotes/author/patrick-ewing/) > [Any time someone achieves success before they've earned it, it always comes back to haunt them.](https://sms4smile.com/quotes/ron-white/any-time-someone-achieves-success-before-they-ve-earned-it-it-always/) [Ron White](https://sms4smile.com/quotes/author/ron-white/) > [In Congress, Florida Republicans worked with the Trump administration to secure funding for coastal restoration projects following the devastating impacts of Hurricanes Irma and…](https://sms4smile.com/quotes/michael-waltz/in-congress-florida-republicans-worked-with-the-trump-administration/) [Michael Waltz](https://sms4smile.com/quotes/author/michael-waltz/) > [Back in the really olden days, dinner was seldom a ceremonial event for U.S. families. Only the very wealthy had a separate dining room.…](https://sms4smile.com/quotes/nancy-gibbs/back-in-the-really-olden-days-dinner-was-seldom-a-ceremonial-event/) [Nancy Gibbs](https://sms4smile.com/quotes/author/nancy-gibbs/) > [We're all painfully aware of how suddenly violence can occur, how crippling it is, and how survivors have to find a way back from…](https://sms4smile.com/quotes/paul-dini/we-re-all-painfully-aware-of-how-suddenly-violence-can-occur-how/) [Paul Dini](https://sms4smile.com/quotes/author/paul-dini/) > [Ronaldo is just an athlete. He works so hard and back to back; he is always there. But if you work hard, can you…](https://sms4smile.com/quotes/edgar-davids/ronaldo-is-just-an-athlete-he-works-so-hard-and-back-to-back-he-is/) [Edgar Davids](https://sms4smile.com/quotes/author/edgar-davids/) > [I do spend a lot of weekends on the road. I have to pace myself. 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