Business Quote by Robert Reich
“Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.”
About This Quote
Source Speech: Economic Policy Address, 2023
Economic downturns expose gaps in safety nets, requiring proactive employment policies beyond traditional job security.
In simple terms: Economic crises need new employment solutions.
Key Takeaway
Create resilient job programs.
Themes
economics
public policy
employment
social safety
Mood
concerned
urgent
Type
policy
analysis
When to use this quote
- government planning
- business strategy
- community advocacy
- education
Key Concepts
Keynesian stimulus
universal basic income
job guarantee
labor market
Questions to Reflect On
- How can we design employment systems that adapt to future downturns?
- What role should private sector play in employment security?
A Different Perspective
Policy alone may not address structural market failures.
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