Q Mr. Secretary, you said in the past that some of the gains in productivity could temper some of the wage pressures that could cause inflation. They are forecasting inflation this year under 3 percent. No, quite the contrary. Productivity allows for more wage increase. Productivity allows for potentially more jobs to be created because employers have the wherewithal to hire more people.
Productivity is good.
The economic pie expands. One million new jobs in the second quarter of the year. We are, in our great journey, to 8 million jobs we set out on. We are ahead of schedule. This is good news for Americans.