Many, I fear, would like glory, who have no wish for grace. They would [want to] have the wages, but not the work; the harvest, but not the labor; the reaping, but not the sowing; the reward, but not the battle. But it may not be.
These, in the day when heaven was falling, The hour when earth's foundations fled, Followed their mercenary calling And took their wages and are dead. The British regulars who made the retreat from Mons, beginning August 24, 1914.
If the laborer gets no more than the wages which his employer pays him, he is cheated, he cheats himself.
Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.
If each year slightly less capital is invested in industry, the time will eventually come when the amount of equipment per laborer and, in consequence, the productivity and the wages of labor are less than they otherwise would be.
While prices of goods continue to rise, American worker's wages remain stagnant.
A journalist is the lookout on the bridge of the ship of state. He notes the passing sail, the little things of interest that dot the horizon in fine weather. He reports the drifting castaway whom the ship can save. He peers through fog and storm to give warning of dangers ahead. He is not thinking of his wages or of the profits of his owners. He is there to watch over the safety and the welfare of the people who trust him.
I live in the same house I purchased in 1971 for $22,500. I think we need to increase the minimum wage and so all my neighbors can get an increase in their wages.
I believe employers should be aware that employees who earn under $10 an hour cannot lead an independent life. But I do not believe that government should dictate wages. We have seen this fail in Socialist and Communist countries. It will do irreparable harm.
Raising minimum wage doesn't just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. ... Let's get the facts straight, only 20 percent of people making the minimum wage are teenagers. The rest are hardworking adults, many of them with families, and I mean hardworking.
Somebody told me ... that he overheard a banker's wife saying her husband was working for free this year-this was 2009. What she meant was, he was just getting his basic salary of £300,000, and no bonus. Their sense of entitlement is, in the proper sense of the word, psychotic.
The key thing that went wrong was that a culture was allowed to develop where the relationship between what people did and what they got went way out of alignment, especially at the top end.
The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.
The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
All wages are based primarily on productive power. Anything else would be charity.
When a man says he wants to work, what he means is that he wants wages.
It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over.
Economy: cutting down other people's wages.
Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be achieved by such a law can exceed the possible harm only in proportion as its aims are mode.
Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.
In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
The discovery of the North Pole is one of those realities which could not be avoided. It is the wages which human perseverance pays itself when it thinks that something is taking too long. The world needed a discoverer of the North Pole, and in all areas of social activity, merit was less important here than opportunity.
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.
An active investor is someone who actually lives off their investments as opposed to wages from a job.
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