Wages Quotes - Page 11

It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over.

Henry George

Business, World, Finance

Henry George (1911). “perplexed philosopher [Herbert Spencer”

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Economy: cutting down other people's wages.

J. B. Morton

Business, Cutting, People

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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.

Henry Hazlitt

Law, Numbers, Evil

"Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics".

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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.

Richard M. Nixon

Impact, Order, Gauges

"Public Papers of the Presidents of the United States: Richard M. Nixon, 1973".

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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.

Paul Krugman

Essence, Ideas, Apples

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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.

Alex Tabarrok

Country, College, Keys

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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.

Karl Kraus

Perseverance, Opportunity, Reality

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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

Technology, Long, Would Be

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An active investor is someone who actually lives off their investments as opposed to wages from a job.

Robert Kiyosaki

Jobs, Investment, Active

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It is no longer an unwritten law of American capitalism that industry will attempt to maintain wages at a level that allows a single wage to support a family.

Christopher Lasch

Law, Support, Levels

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Uncontrolled, mass immigration displaces British workers, forces people onto benefits, and suppresses wages for the low-paid.

Theresa May

People, Immigration, Benefits

"Biography/Personal Quotes". www.imdb.com.

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Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.

Thomas Sowell

Jobs, Taken, Mean

Interview with John Hawkins, rightwingnews.com. February 8, 2012.

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Experience takes dreadfully high school-wages, but he teaches like no other.

Thomas Carlyle

School, Experience, Teach

Thomas Carlyle, Henry Duff Traill (2010). “The Works of Thomas Carlyle”, p.293, Cambridge University Press

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You can't tell me you can make any system or country work with low wages and high prices, and high wages with high prices don't mean anything when the prices eat up the wages and don't leave anything over.

Henry Ford

Country, Mean, Lows

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There should be no unemployment. There is large percentage of labor now which cannot make a living because wages are not high enough. That is industry's 2nd job. 1st job is to make good product. 2nd pay a good wage.

Henry Ford

Jobs, Unemployment, Pay

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How I envy those clerks who go by to their offices in the morning! There's the day's work cut out for them; no question of mood and feeling; they have just to work at something, and when the evening comes, they have earned their wages, and they are free to rest and enjoy themselves. What an insane thing it is to make literature one's only means of support! When the most trivial accident may at any time prove fatal to one's power of work for weeks or months. No, that is the unpardonable sin! To make a trade of an art! I am rightly served for attempting such a brutal folly.

George Gissing

Art, Morning, Mean

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My point is that it's incorrect to say that the Iraq policy isn't working. It is working. It is doing what they want. They have got control of the oil and they are exporting it, and they have stripped a government that was 90% state owned and they are privatizing it. ... They have taken a country that was self defining and self developing and is now an impoverished prostrate devastated country where people will line up to work for slave wages or become members of the police or army because it's the only job they can get and serve as adjuncts to U.S. imperialism.

Michael Parenti

Country, Jobs, Taken

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We should never be allowed to forget that it is the customer who, in the end, determines how many people are employed and what sort of wages companies can afford.

Alfred Robens, Baron Robens of Woldingham

Business, People, Forget

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It is notorious that, whenever the demand for labor is much greater than the supply, or the wages of labor are much higher than the expenses of living, very many, even on the ordinary laboring class, are remarkable for indolence, and work no more than compelled by necessity.

Edmund Ruffin

War, Class, Ordinary

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Many Southern Plantation owners were working towards the day when they could convert their investment to more profitable industrial production as had been done in the North, and others felt that freemen who were paid wages would be more efficient than slaves who had no incentive to work. For the present, however, they were stuck with the system they inherited. They felt that a complete and sudden abolition of slavery with no transition period would destroy their economy and leave many of the former slaves to starve - all of which actually happened in due course.

G. Edward Griffin

War, Abolition Of Slavery, Southern

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American workers won't be able to compete fairly for jobs until companies have to pay higher wages in countries like China and India.

Andy Stern

Country, Jobs, Competition

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A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

David Ricardo

Variation, Causes, Commodity

David Ricardo (1821). “On the Principles of Political Economy, and Taxation”, p.47

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A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.

David Ricardo

Real, Reason, Profit

David Ricardo, John Ramsay McCulloch (1846). “The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author”, p.31, London, J. Murray

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I even believe in helping an employer function more productively. For then, we will have a claim to higher wages, shorter hours, and greater participation in the benefits of running a smooth industrial machine.

Sidney Hillman

Running, Believe, Machines

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Certainly other things we can do, we gotta promote after-school employment, give kids an opportunity, raising the minimum wage was part of that, we can't expect that young people are going to feel they can make a living out there for such low wages.

Matt Gonzalez

School, Kids, Opportunity

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