Political Quotes

Paul Tonko: Okay. Well, some of those trends that saw decline in some of the manufacturing sectors in our economy over the decades…

On the recordJuly 22, 2014
Okay. Well, some of those trends that saw decline in some of the manufacturing sectors in our economy over the decades are now beginning to close on that gaping bit of disparity. Labor rates, for instance--as countries had very, very cheap labor rates, they witnessed that their labor population began to demand more, which is a sign of civilization. When you are investing your skill set, your brain power, into the development of products and working on that assembly line, you will begin to understand that remuneration for what you do is important. An order of social fairness, social justice, comes into play, economic justice, so the discrepancy between the labor rates has narrowed. We have earlier talked about the energy supplies and energy costs. Many now are citing us as the millennium of Mideast here, with the supply of natural gas and energy issues that are being addressed significantly through innovation and alternative supplies and through natural gas supplies. So the energy quotient in that formula for manufacturing has been very much flipping, cycling favor for the U.S. economy. As these major factors begin to steady our way, there is a brighter bit of hope out there that is launched. If we accompany that with the appropriate policies and attached resources, if we can adopt, if you would, the Democratic agenda for Make It In America, great things can happen.…
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Paul Tonko
Democratic · New York
Source
govinfo.gov
Jul 22, 2014

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