Closing the confidence gap means being honest about your abilities, not constantly undervaluing them.
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.
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
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
All quotes →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.
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.
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.
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The natural effect of low interest is to increase trade and industry; because undertakings of every kind can be prosecuted with greater advantage.
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The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.