Word: manne
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...much needed reality check: "The fundamental issue that we're losing in this discussion is, Is outsourcing bad for America? Is globalization good or bad for America?" Baumol, along with his fellow panelists on TIME's Board of Economists--RON HIRA of the Rochester Institute of Technology, CATHERINE MANN of the Institute for International Economics and MATTHEW SLAUGHTER of the Tuck School of Business at Dartmouth--proceeded to delve into that hotly contested question. Under prodding from TIME's JYOTI THOTTAM, the panel wrestled with issues of policy, politics and economic philosophy, sometimes clashing sharply. But in the end they...
CATHERINE MANN: The gains from globalization are very large and very real. Of course, the adjustment costs associated with getting these gains are coming from firms closing, from workers having to get new jobs. Historically, these adjustment costs have tended to be discounted. We can no longer afford to ignore them. We must address them explicitly. Rising wage disparities tell us something about where policies should be directed...
...MANN: We can't on one hand say we don't know how big outsourcing is but on the other say it's accelerating and therefore we ought to worry about...
...MANN: The question is, What policies do we have to have in place to address people who lose their jobs and won't ever get another one in the same industry...
...He’s going to be the guy on the staff, when he returns, that’s going to be by far the guy with the most experience,” Mann said. “So he’s going to be the guy leading by example on the pitching staff...