Jared Bernstein Quotes

Jared Bernstein (born 1955) is a Senior Fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joseph Biden in the Obama Administration. Bernstein's appointment was considered to represent a progressive perspective and "to provide a strong advocate for workers".

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Jared Bernstein


Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.

Jared Bernstein


What you don't hear from these GOP candidates is that they really can't go after this president on domestic production of oil and gas. He's actually done quite a lot. In fact, I would suspect they're environmentalists who are worried that we're doing too much drilling and fracking, in fact. I know that for a fact.

Jared Bernstein


With stagnant hourly wages, the only way for working families to get ahead is by working more hours, ... certainly not the path to improving living standards that we'd expect in an economy posting strong productivity gains.

Jared Bernstein


“This report may give pause to some of the optimists looking for a stronger second half, ... We need a real boost if we're going to reverse some of these trends that are even more negative than we thought they were.”

Jared Bernstein


“I'm more optimistic than I was a month and a half ago,”

Jared Bernstein


“This decline [in the jobless rate] is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.”

Jared Bernstein


“The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed, ... This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery.”

Jared Bernstein


“The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed. This in turn has the potential to constrain consumption growth, limiting the boost that the economy will get from the recent tax cut, and delaying the arrival of a truly self-sustaining recovery.”

Jared Bernstein


“This is what a healthy job market looks like ? we just haven't seen it for a long while, so it makes inflation hawks nervous.”

Jared Bernstein


“Obviously a stronger-than-expected report,”

Jared Bernstein


“The economy's doing fine, except if you figure in working families. We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.”

Jared Bernstein


“Home appreciation was offset by lousy wage growth and debt accumulation.”

Jared Bernstein


“You don't need an equitable distribution to have a sustainable recovery.”

Jared Bernstein


“Nationally we think it's impossible to say exactly when we've reached full employment. But it sounds like in Florida you're there.”

Jared Bernstein


“There is no reason to believe...that Congress has authorized the Department of Labor to dramatically reduce coverage...taking overtime protection away from millions of workers. Yet that is exactly what the Department of Labor has proposed.”

Jared Bernstein