Quotes About Wages

The more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together.

The pay worked out to about $1,000 a year—some five to ten times the earnings of the average unskilled laborer—with summers off. The job was immoral, and ugly to be sure, but probably less unpleasant than it sounds.

The pay worked out to about $1,000 a year—some five to ten times the earnings of the average unskilled laborer—with summers off.

Maybe you can't afford to give them a raise, but how can they afford to live when the cost of living has shot sky-high? They've got to eat, don't they?

Between 1971 and 2001, while the median wage and salary income of the average worker showed literally no gain, the income of the top hundredth of a percent went up almost 500 percent.

According to a recent poll [...] 94% of Americans agree that people who work fulltime should be able to earn enough to keep their families out of poverty.

Some economists argue that the apparent paradox rests on an illusion: there is no real 'labor shortage,' only a shortage of people willing to work at the wages currently being offered. You might as well talk about a 'Lexus shortage' — which there is, in a sense, for anyone unwilling to pay $40,000 for a car.

Something is wrong, very wrong, when a single person in good health, a person who in addition possesses a working car, can barely support herself by the sweat of her brow. You don't need a degree in economics to see that wages are too low and rents too high.

Nearly a third of the American workforce—41.7 million laborers—earn less than $12 an hour, according to a 2016 study.3

94 percent of Americans agree that "people who work full-time should be able to earn enough to keep their families out of poverty.

La proporción entre el sueldo del presidente y el de uno de sus trabajadores medios pasó, de ser de 24 a 1 en 1965, a ser de 300 a 1 en 2000; como también aumentó la distancia entre el sueldo del presidente y el de su tercer cargo más alto.29

The shocking thing is that the majority of American workers, about 60 percent, earn less than $14 an hour.

Most civilized nations compensate for the inadequacy of wages by providing relatively generous public services such as health insurance, free or subsidized child care, subsidized housing, and effective public transportation.

Good-paying jobs were shipped to Mexico or Asia where they could be downgraded to sweatshop wages while the president made empty gestures about job training and touted the benefits of the global economy. It didn't matter whether they were Republicans or Democrats, they all sang the same song.

These budding drug lords bumped up against an immutable law of labor: when there are a lot of people willing and able to do a job, that job generally doesn't pay well. This is one of four meaningful factors that determine a wage. The others are the specialized skills a job requires, the unpleasantness of a job, and the demand for services that the job fulfills.

cuando existe una gran cantidad de gente dispuesta a realizar un trabajo y capaz de hacerlo, por lo general éste no está bien remunerado. Ése es uno de los cuatro factores significativos que determinan un salario. Los otros tres son los conocimientos especializados que requiere un trabajo, lo desagradable que sea y la demanda de servicios que satisface.

when there are a lot of people willing and able to do a job, that job generally doesn't pay well. This is one of four meaningful factors that determine a wage. The others are the specialized skills a job requires, the unpleasantness of a job, and the demand for services that the job fulfills.

Why has the prostitute's wage fallen so far? Because

As wages rise, or when governments pay parents to send their children to school, child labor plummets, which suggests that poor parents send their children to work out of desperation rather than greed.54

In the United States in 1901, an hour's wages could buy around three quarts of milk; a century later, the same wages would buy sixteen quarts. The amount of every other foodstuff that can be bought with an hour of labor has multiplied as well: from a pound of butter to five pounds, a dozen eggs to twelve dozen, two pounds of pork chops to five pounds, and nine pounds of flour to forty-nine pounds.20

In the United States in 1901, an hour's wages could buy around three quarts of milk; a century later, the same wages would buy sixteen quarts.

Entrepreneurial profit… is the expression of the value of what the entrepreneur contributes to production in exactly the same sense that wages are the value expression of what the worker "produces." It is not a profit of exploitation any more than are wages.

If people don't want blue-collar work, our labour costs will remain high and our competitiveness low.

The U.S. Census Bureau acknowledged this fact when it reported that those with a bachelor's degree earn on average $1 million more over their lifetime than those with only a high school diploma.