Quotessence
Home / Quotes / Quote by Robert Reich

Quote by Robert Reich

“You and I and almost all Americans are beneficiaries of the new economy. But we are also losing parts of our lives to the new economy - aspects of our family lives, our friendships, our communities, ourselves.”

Quote by Robert Reich

Create image

Author

Robert Reich
Robert Reich

Robert Reich, born on June 24, 1946, is a former United States Secretary of Labor. He is an economist, author, and public intellectual, who served as the Secretary of Labor under the Clinton administration. Reich is known for his profound insights into labor markets and economic policies. more

You May Also Like

“Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.”

PeopleDifferentTechnologyEconomyManagementInvestmentExtraordinaryMeaningfulManageIronyRight ThingProductiveMeaningful Life
Author:Robert Reich
Create image

“Technology enables consumers and investors to have extraordinary choice and ease of switching, which, in turn, stimulates much fiercer competition than ever before, which, in turn, makes it imperative for every institution to innovate like mad. That innovation is powering our economy these days, and it requires companies to find and utilize creative workers. That's the most important syllogism going; technology is embedded in that syllogism, but it's not as if we're seeing these productivity gains because of the technology.”

ImportantChoicesTechnologyEconomyCreativeInnovationMadCompetitionExtraordinaryProductivityInvestorsEmbeddedCreative Work
Author:Robert Reich
Create image

“It's almost as if we have two lobes in our brain. There's the consumer and investor mode, and we're doing better and better at that lobe. But at the producer and seller mode, we have to work harder and harder. And the better we do as consumers and investors - the easier it is for us to choose something better, to exit every commercial relationship - the harder we have to work as sellers and producers. One follows from the other.”

BrainHard WorkProducersInvestorsWork Harder
Author:Robert Reich
Create image

“Given that ever-broadening array of options and alternatives, as consumers and investors, we are often bewildered. We need guidance. That's where today's brands come in. They are not so much signals about a particular product, they are signals about good judgment, trustworthiness. A big brand, whether it's Schwab or Disney, is becoming analogous to a portal that sells us advice about where we can find great deals.”

AdviceJudgmentGuidanceInvestorsPortalTrustworthinessGood Judgment
Author:Robert Reich
Create image