QuoteProject
Economists argue about the relative impact of immigrants versus robots on wage stagnation - voters don't care much. They blame immigrants. It's easier to get mad at a person from Macedonia or Mexico, taking your job than it is to get mad at a piece of technology from Silicon Valley.
Katty Kay
ShareWTF𝕏

Interpretation

What this quote means

People often blame immigrants for job loss instead of acknowledging the role of technology.

In this quote, Katty Kay highlights the tendency of individuals to attribute wage stagnation to immigrants rather than the influence of technological advancements. This reflects a common psychological bias where humans are more likely to direct their frustration towards identifiable individuals rather than abstract concepts or innovations. As immigrants become scapegoats for economic challenges, the real complexities behind wage dynamics are often overlooked, revealing a deeper societal issue regarding blame and accountability.

Themes

ImmigrantsWage StagnationTechnologyBlameEconomics

In practice

Example use cases

During a panel discussion on economic policy, this quote can be used to highlight the need for nuanced understanding of job market challenges.

More from Katty Kay

Closing the confidence gap means being honest about your abilities, not constantly undervaluing them.
Katty KayRead
Every woman dreams of a workplace where her boss doesn't suggest they grab a drink after work, where there isn't that colleague you'd just rather not get stuck in the office with alone and where your job prospects don't depend, however subtly, on whether you put up with lascivious comments from a man who has power over you.
Katty KayRead
Ive lived and worked in developing countries so Im particularly interested in helping women in oppressive societies. Our problems can pale in comparison to theirs, the more we can do to empower them, the better off all women will be.
Katty KayRead
I honestly do not know a woman, in any profession, at any level, who has not at some point, often at many points, had to repudiate the unwanted advances of a man they've worked with or for. We shouldn't have to.
Katty KayRead

Similar quotes

We will not have any more crashes in our time.
John Maynard KeynesRead
China's government has far more control over the country's economy than our government has over ours, and it is moving from export dependence to a model of growth driven by domestic demand. Any restriction on exports to the U.S. would simply accelerate a process already underway.
Joseph StiglitzRead
Eviction is part of a business model at the bottom of the market.
Matthew DesmondRead
The real and effectual discipline which is exercised over a workman is that of his customers. It is the fear of losing their employment which restrains his frauds and corrects his negligence.
Adam SmithRead
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
Henry HazlittRead
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
Ben BernankeRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.

Quote by Katty Kay | QuoteProject