Obama: ‘There Are Some Jobs That Are Not Going To Come Back…’
CROWLEY: Let me to go the president here because we really are running out of time. And the question is can we ever get — we can’t get wages like that. It can’t be sustained.
OBAMA: Candy, there are some jobs that are not going to come back. Because they are low wage, low skill jobs. I want high wage, high skill jobs. That’s why we have to emphasize manufacturing. That’s why we have to invest in advanced manufacturing. That’s why we’ve got to make sure that we’ve got the best science and research in the world. And when we talk about deficits, if we’re adding to our deficit for tax cuts for folks who don’t need them, and we’re cutting investments in research and science that will create the next Apple, create the next new innovation that will sell products around the world, we will lose that race.