Wages Quotes - Page 20

• Labor unions have a long history of benefitting all workers, even those who are not members of unions, because everyone's wages go up. If we don't increase membership - and membership in labor unions is going down because of the attacks against organized labor - it's something every single American, whether they're officially in a union or not, should be concerned about. It's a spiral. It's a weakening of the middle class and our economy can't sustain that.

  Nina Turner

  Class, Long, Organized Labor

  Source: www.glamour.com

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• Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.

  Gerald Epstein

  Impact, People, Growth

  Source: www.truth-out.org

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• We should have absolute control over our borders. If we want cheap labor to depress wages and disempower the unions, then we could have guest workers. But we have to face that issue. What is it that we want to do? Rather than not facing it, and having porous borders, and the effect is that it disempowers the unions.

  Mark Helprin

  Depressing, Should Have, Issues

  Source: americasfuture.org

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• The size of the U.S. middle class has been shrinking. Wages have been stagnant. We don't have those factory jobs that paid a living wage and enabled a family to have a home where the wife did not have to work. But we sent our factories abroad and there is no likelihood of getting them back. Equally worrisome is that some managerial jobs and professional jobs (such as lawyers) which support middle class life are threatened by automation.

  Philip Kotler

  Jobs, Home, Class

  Source: bobmorris.biz

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• Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.

  Philip Kotler

  Jobs, Loss, Hands

  Source: bobmorris.biz

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• In working on any one problem, such as higher minimum wages, so many other issues come into play, such as some businesses possibly closing down, thus creating fewer jobs and more unemployment and incentivizing companies to import more goods from abroad, which leads to even less employment at home, and so on.

  Philip Kotler

  Jobs, Home, Play

  Source: bobmorris.biz

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• Lincoln has accepted America as a biracial society. He's talking about giving at least some black men the right to vote. In the Emancipation Proclamation he advises some blacks to labor faithfully for reasonable wages, here in the United States. He doesn't say anything about them leaving the country. He puts black men in the army. That is a whole different vision than simply saying "let's have them go out of the country." I think what's interesting is the change in Lincoln's view, but one must realize that he did adhere to this idea of colonization for many years.

  Eric Foner

  Country, Army, Men

  Source: www.truth-out.org

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• To redeem creation the saint wages war on the entire fabric of creation, with the bare weapons of truth and love.

  Jacques Maritain

  War, And Love, Saint

  Jacques Maritain (1966). “A Maritain Reader: Selected Writings”

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• Besides paid white laborers, there was everywhere a class of white servants bound without wages for a term of years, and a more miserable class of Negro slaves.

  Albert Bushnell Hart

  Years, Class, White

  Albert Bushnell Hart, Ph.D. (1909). “Epochs of American History”

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• No sooner is the exploitation of the labourer by the manufacturer, so far, at an end, that he receives his wages in cash, than he is set upon by the other portions of the bourgeoisie, the landlord, the shopkeeper, the pawnbroker, etc.

  Karl Marx

  Bourgeoisie, Cash, Etc

  Karl Marx (1950). “Communist Manifesto: The revolutionary text that changed the course of history”, p.1832, Harriman House Limited

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• The factors left out of the Ricardian equation are falling wages and idle capacity.

  David Ricardo

  Fall, Capacity, Equations

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• This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.

  Jim Stanford

  Car, Foundation, Argument

  "Economics For Everyone". Book by Jim Stanford, 2008.

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• Don't be deceived when our Revolution has been finally stamped out and they tell you things are better now Even if there's no poverty to be seen because the poverty's been hidden even if you ever got more wages and could afford to buy more of these new and useless goods which these new industries foist on you and even if it seems to you that you never had so much that is only the slogan of those who still have much more than you

  Peter Weiss

  Useless, Poverty, Revolution

  Peter Weiss (1998). “Marat/Sade ; The Investigation ; and The Shadow of the Body of the Coachman”, p.81, A&C Black

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• My message is that the counterclaim - which is that if wages go up, employment will go down - is a scam. It's a con job. It's an intimidation tactic. There is absolutely no evidence anywhere that it's true. On the contrary, where you find high wages you usually find low unemployment.

  Nick Hanauer

  Jobs, Scams, Tactics

  Source: gawker.com

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• You know, when I was in college, there was a big debate: Do unions raise wages? Well, with regard to industrial unions, there were arguments back and forth -- international competition. It is now clear, I think, that whether or not you think unions raised wages 50 years ago, the absence of unions and their weakness that is inflicted by anti-union public policy depresses wages. The fact is that people who are not represented, in the service industries in particular, are the victims of policies which depress their wages.

  Barney Frank

  Depressing, College, Thinking

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• The whole time I was a union leader, we had to put up with John Howard and Tony Abbott attacking workers' conditions. I'm proud of being a moderate trade union official, working co-operatively between employees and employers. I'm interested in better wages for workers, better safety, job security, and, profitable companies, because I understand that if you get co-operation in the workplace, everyone wins.

  Bill Shorten

  Jobs, Winning, Safety

  Source: www.abc.net.au

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• A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

  Michael Lewis

  People, Giving, Mind

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.31, W. W. Norton & Company

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• If a country can only be rich by running a successful race for low wages, I should be disposed to say at once, perish such riches!

  Thomas Malthus

  Running, Country, Successful

  Thomas Robert Malthus “An Essay on the Principle of Population, Or, a View of Its Past and Present Effects on Human Happiness: With an Inquiry Into Our Prospects Respecting the Future Removal Or Mitigation of the Evils which it Occasions”, Cambridge University Press

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• Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.

  David Ricardo

  Wisdom, Competition, Politics

  1817 Principles of Political Economy andTaxation.

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• The caretaker needs to be taken care of, in wages and benefits. Not enough emphasis is put on the importance of these caretakers.

  Chad Urmston

  Taken, Needs, Benefits

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• The TV and the public pay our wages and they like to see professional golfers mess it up. Missing a green with a chip shot - when do you see that? It's great to see exciting golf like we had last week.

  Paul McGinley

  Golf, Missing, Pay

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• If a rise in wages does not raise prices, a fall will not reduce them.

  Joan Robinson

  Fall, Doe, Raises

  Joan Robinson (1967). “Essay on Marxian Economics”, p.89, Springer

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• [Social legislation] raised the cost of production; and what can be more illogical than to raise the cost of production in the country and then to allow the products of other countries which are not surrounded by any similar legislation, which are free from any similar cost and expenditure freely to enter our country in competition with our own goods...If these foreign goods come in cheaper, one of two things must follow...either you will take lower wages or you will lose your work.

  Joseph Chamberlain

  Country, Two, Competition

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• I realized it might be possible to do such a thing, run for money, trot for wages on piece work at a bob a puff rising bit by bit to a guinea a gasp and retiring through old age at thirty-two because of lace-curtain lungs, a football heart, and legs like varicose beanstalks.

  Alan Sillitoe

  Football, Running, Heart

  Alan Sillitoe (2016). “New and Collected Stories”, p.25, Open Road Media

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• The working classes may be injuriously degraded and oppressed in three ways:
  1st - When they are neglected in infancy
  
  2nd - When they are overworked by their employer, and are thus rendered incompetent from ignorance to make a good use of high wages when they can procure them.
  
  3rd - When they are paid low wages for their labour.

  Robert Owen

  Ignorance, Class, Use

  "Two Memorials on Behalf of the Working Classes". Book by Robert Owen, 1818.

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