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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If I care about poverty, I have to care a lot about investments in the private sector. The private sector creates the vast majority of jobs in the world, and social protection only goes so far.
When you bring in multi-brand retail items into the country, you're not just bringing the products, but you're also harming local manufacturers.
What do you think a stimulus is? It’s spending - that's the whole point! Seriously.
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.
There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.