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Consumption Quote by Stephen S. Roach

“To the extent that hiring in high-wage, developed economies continues to lag, the sustainability of any impetus to private consumption can be drawn into serious question.” quote by Stephen S. Roach
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“To the extent that hiring in high-wage, developed economies continues to lag, the sustainability of any impetus to private consumption can be drawn into serious question.”

Stephen S. Roach

About This Quote

Source Speech: Economic Outlook, 2023, Bloomberg Global Forum

If high-wage economies fail to create jobs, consumer demand will weaken, threatening economic growth.

In simple terms: Job shortages hurt consumer spending.

Key Takeaway

Boost job creation to sustain demand.

Themes

economy employment consumer confidence

Mood

concerned analytical

Type

policy economic

When to use this quote

  • policy planning
  • business strategy
  • personal finance
  • government budgeting

Key Concepts

macroeconomics labor market sustainability

Questions to Reflect On

  • How can policy balance job creation with wage growth?
  • What alternative drivers can sustain consumption?
A Different Perspective

Even with job growth, other factors like debt can limit consumption.

2.9 out of 5 (5 ratings)

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