Quotes About Economics

When minimum living wages, bargaining for fair wages, pensions, and job security are denied in too many countries, it is not rocket science to understand the drivers of inequality.

The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.

Between stagnant wages and the cost of everything going up - particularly health care and college tuition - people have less money to save and less money to spend.

David Cameron set impossible targets and relentlessly portrayed immigration as a social burden while pursuing an economic strategy that suppressed wages. It did not end well for him, nor, more importantly, for the country.

For many food poverty is the product of a toxic combination of low wages, austerity economics, spiralling food prices and lengthy delays to benefit payments, all of which should concern us.

If you think health care is expensive now, just wait 'til it's free.

Too many people think that economics is this subject that should wait until the university level. But it can't wait that long.

The economic dimension is very clear. I was at a dinner party, a mother got up, who's a very distinguished scientist, and said she had to get home and help her daughter with her homework. The two waiters, their faces changed. They were working their second jobs, they couldn't get home to help their kids with homework.

Now financial liberalization is just a catastrophe waiting to happen, and there are very well understood reasons for that.

I didn't wake up one day and say, you know, 'Supply-side economics doesn't make sense.'

Pretty much, Apple and Dell are the only ones in this industry making money. They make it by being Wal-Mart. We make it by innovation.

Ahead now, I think you'll see the big nations shrink back into their own corners of the world. I'm not saying we'll see no international trade, but it will be nothing like the conveyer belt from China to Wal-Mart that we've known the last few decades. And the prospects for conflict are very, very high.

If Wal-Mart invests a billion dollars and others invest $100 million, Wal-Mart is going to grow more.

Why should a company like Wal-Mart - who made $10 billion last year alone - be able to force taxpayers to foot the bill for their health-care costs?

If you think black people have a motivation problem, open up a Wal-Mart and advertise a thousand jobs. Watch 5,000 people show up.

Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.

John McCain was one of the senators who voted against George Herbert Walker Bush's disastrous break of his no new taxes pledge when he raised taxes in 1990. That's really important. He's a supply-sider. And he's got supply siders like Phil Graham and Jack Kemp to vouch for that.

Architects design buildings; that's what we do, so we have to go with the flow; and, even though I'm still an old Leftie, global capitalism does have its good side. It's broken down barriers - the Berlin Wall, the Soviet Union - it's raised a lot of people up economically, and for architects, it has meant that we can work around the world.

Who's going to do a better job of spending your money? You or the government?

People today don't become economists to make the world a better place.

Thatcherism has become bigger than she ever was.

The U.S.-China relationship is one of the most important bilateral relationships in the world.

A billion saved is a billion earned.

On a macro level, four billion people on Earth make less than four dollars a day.