It's hard to blame productivity growth for a lot of manufacturing job losses.
The United States is a country where people see the future as better and see themselves as making a better future for themselves.
Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.
The number of people around the world that are really qualified to substitute for American workers is much smaller than people believe.
They could make the changes they need to make, and move forward, or they could get left behind. The US is better off. We have a full-employment economy.
The loss of manufacturing jobs after 2000 was just huge, and those jobs haven't come back.
The first challenge he has to face ... is where is this economy going right now.
The I.T.-producing industry itself, with its extraordinarily rapid pace of change, certainly has contributed to overall productivity growth. But now we're getting a bigger share from the rest of the economy.
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