Word: laborities
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...lost to outsourcing. Counting jobs in these snapshots misses the point. Globalization for the U.S. economy continues to create very large gains, but those gains don't accrue to every single worker. There's too much focus [on] policy solutions for those directly impacted. Given the fluidity in the labor market, these pressures are really spread economywide...
...silver bullet. We increase R.-and-D. spending 10% or 15%, it's not going to create lots of new jobs. If it does create innovations, it's not clear that the spillover benefits of making those products will be done by U.S. labor...
SLAUGHTER: I think we're at a really important point. An important political decision needs to be made about how much we're going to allow this globalization of industries and labor forces to continue. We've got the capacity now to globalize production in a much wider range of economic activities. When I go to my dentist's office, I look at the wall behind the receptionist, and it's all these paper files. That's all going to change. Maybe some of that will get digitized, maybe some will go to India or China or God knows where...
HIRA: We have to shift our idea of innovation from company-centric views to workers. We need to think about innovation in terms of a healthy science and engineering labor market in the U.S. How do we get there...
SLAUGHTER: One thing that's been completely lost is that the labor force is going to grow much more slowly. That's largely determined by the population. So the overall growth of the U.S. labor force in the next 20 years is going to be half of what it was in the previous 20. When you think about where in the U.S. economy we're going to get these kinds of highly skilled workers, suddenly you need to be talking about immigration. Yet in the post-9/11 world, U.S. immigration policy has gotten more restrictive than open...