Quote by Laurent Fabius
For a long time many believed that there would be an automatic adj

For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date. – Laurent Fabius

Other quotes by Laurent Fabius

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China. – Laurent Fabius

Category:
strength
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The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport. – Laurent Fabius

Category:
Technology
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Other Quotes from
Technology
category

Look, the media are trapped by changes in the technology and business of their industry. – David Frum

Category:
Technology

Most technological advances in our life now come from serendipitous discoveries. That is a contraction of rocket technology and computer technology and atomic clock technology. – Serge Haroche

Category:
Technology

It is only by the rational use of technology to control and guide what technology is doing that we can keep any hopes of a social life more desirable than our own: or in fact of a social life which is not appalling to imagine. – Carrie P. Snow

Category:
Technology

There are no morals about technology at all. Technology expands our ways of thinking about things, expands our ways of doing things. If were bad people we use technology for bad purposes and if were good people we use it for good purposes. – Herbert Simon

Category:
Technology

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Category:
positive

Friendship is a disinterested commerce between equals love, an abject intercourse between tyrants and slaves. – Oliver Goldsmith

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Life gives nothing to man without labor. – Horace

Category:
Labor