The things you hear now about European unemployment -- that there are structural problems, that real wages have failed to adjust, that there are inflationary fears -- are the same things that were said during the early 1930. It is well established that government spending began to pull Germany out of its slump in 1935. There is no known reason why spending for peace can't do as well at getting the economy going as spending for war.
These, in the day when heaven was falling, The hour when earth's foundations fled, Followed their mercenary calling And took their wages and are dead.
To put labour and wages first and human ordomestic life second is to invert the order of God and of nature.henry edward manning
If capital isgrowing rapidly, wages may rise; the profit of capital rises incomparably more rapidly. The material position of the worker has improved, but at the cost of his social position. The social gulf that divides him from the capitalist has widened.
In every case, agricultural as well as manufacturing profits are lowered by a rise in the price of raw produce, if it be accompanied by a rise of wages. ...The natural tendency of profits is to fall; for in the progress of society and wealth, the additional quantity of food required is obtained by the sacrifice of more and more labour.David Ricardo
If you put a floor under wages and a ceiling over prices, a free man cannot long stand erect.Walter Bigelow Wriston
The legend of Felix is ended, the toiling of Felix is done;The Master has paid him his wages, the goal of his journey is won;He rests, but he never is idle; a thousand years pass like a day,In the glad surprise of Paradise where work is sweeter than play.henry van dyke
A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.michael lewis
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
The factors left out of the Ricardian equation are falling wages and idle capacity.David Ricardo
If a rise in wages does not raise prices, a fall will not reduce them.joan robinson
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
A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more, otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.Adam Smith
One good deed dying tongueless Slaughters a thousand waiting upon that. Our praises are our wages.william shakespeare
We all, or nearly all, consent If wages rise by ten per cent It puts a choice before the nation Of unemployment or inflation.kenneth boulding
A serf-supporting and self-respecting democracy can plead no justification for the existence of child labor, no economic reason for chiseling workers' wages or stretching workers' hours.franklin delano roosevelt
We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.theodore roosevelt
Why, then, should we have to lower our living standards? What is the mysterious source of the economic loss? If productivity is increasing, why should we sacrifice services and wages?
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!
The [pay] policy is principally designed to hold down wages rather than to check inflation. Inflation is being used as an excuse to destroy free trade union bargaining.