Quotes About Economics

Let me be blunt, employers do have to raise wages if they can't attract enough employees. That's the free market, that's how it works.

Ever since the economic crisis in 2008, millions of people have accepted cuts in all sorts of things - from real wages and living standards to benefits and hospital care - without any real opposition. The cuts may be right, or they may be stupid - but the astonishing thing is how no-one really challenges them.

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.

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

As far as wages are concerned, the only difference between immigration and birth is that birth takes longer.

The study titled 'Impact of Immigration on Wages, by Education Level, 1994-2007' found that increased immigration had an effect of lowering wages for earlier immigrants by an average of 4.6 percent. Running counter to popular perception is the finding that for native-born Americans, wages actually increased by 0.6 percent.

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 But this reassuring analysis is out of date.

The government shouldn't be in the business of subsidizing a business by allowing people to be paid starvation wages.

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.

A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.

The issue isn't just jobs. Even slaves had jobs. The issue is wages.

Since Bush has been in office, African-American women have fallen behind in terms of income and wages.

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.

In this view, the role of the great majority of Americans is simply to buy the products produced, work happily for their wages, and leave all of the significant economic decisions to the capitalists.

To assert, as some have, that illegal immigrants do not depress wages because they do the jobs Americans refuse is the kind of nonsense economists speak when they strain to be counterintuitive. It is similar to saying that cheap imports do not hold down prices.

I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.

There may be many benefits to working outside the home for wages, but it's certainly not been done as an act of liberation. It's an act of economic necessity and has been since the beginning of time.

I don't expect to get a standing ovation from businessmen when I call for higher wages.

Everybody is entitled to solid living wages, which we don't hear from Hillary Clinton. She's quick to talk about parity, but parity at poverty, and that's not adequate.

In my International Development Scheme, I propose that the profits of this industrial development should go first to pay the interest and principal of foreign capital invested in it; second to give high wages to labor; and third to improve or extend the machinery of production.

Firms are not always willing to cut wages, even if there are people lined up outside the gates to work. So why don't they?

People in my hometown voted for President Reagan - for many, like my grandpa, he was their first Republican - because he promised that tax cuts would bring higher wages and new jobs. It seemed he was right, so we voted for the next Republican promising tax cuts and job creation, George W. Bush. He wasn't right.

Open borders drive wages down for the black community.

I'm more concerned about maximum wages, not minimum wages.