A Quote by Sumner Slichter

If each year slightly less capital is invested in industry, the time will eventually come when the amount of equipment per laborer and, in consequence, the productivity and the wages of labor are less than they otherwise would be.

Sumner Slichter

Quote Topics

Amount Capital Come Consequence Each Each Year Equipment Eventually Industry Invested Labor Laborer Less Otherwise Per Productivity Slightly Than Time Wages Will Would Would Be Year

Quote Author

Sumner Slichter
American - Economist
1892 - 1959

You're a slave in your own country, White Man. Each year you get to keep less of the fruits of your labor; each year it gets more difficult to carry the burden the aliens have placed upon you; each year the cheap labor of aliens makes your future less secure; each year you retreat a few steps more into the world of slavery.

George Lincoln Rockwell

We are compelled to work more hours per day, receive less pay per hour, pay more for what we buy, and recieve less for what we sell. The consequence is that we must work harder and more hours per day than we should, and in the end have less than what is due to us as our part of the advantages, conveniences and opportunities resulting from advancing civilization.

Charles Lindbergh

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

James Surowiecki

We are the necessary element since we expend nothing. Management can create its own capital -- the profits. Its business would grow and profits increase. Labor would prosper as well, while the price of the product would remain constant, the prosperity of industry, labor and management would continually increase. We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less.

Harold Wallace Rosenthal

The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

Peter Cundill

U.S. labor leaders will realize that automation can multiply man's wealth far more rapidly than it is multiplying at present and that automation will leave all men free to search and research... Realizing the direct competition with foreign industry on a straight labor basis will mean swiftly decreasing wages per hour and longer hours and decreasing buying power of the public.

R. Buckminster Fuller

The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.

Joe Lonsdale

Unless the human race perspire more than I do, there is no occasion to live by the sweat of their brow. If men cannot get on without money (the smallest amount will suffice), the truest method of earning it is by working as a laborer at one dollar per day. You are least dependent so; I speak as an expert, having used several kinds of labor.

Henry David Thoreau

The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.

Louis O. Kelso

Nothing disturbs me more than the downward trend of productivity in our nation today. The consequences of a decrease in productivity are a diminished standard of living, higher labor costs, less competitive prices, and more inflation.

Robert S. Strauss

An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.

Karl Marx

For is there any practice less selfish, any labor less alienated, any time less wasted, than preparing something delicious and nourishing for people you love?

Michael Pollan

If a [democratic] society displays less brilliance than an aristocracy, there will also be less wretchedness; pleasures will be less outrageous and wellbeing will be shared by all; the sciences will be on a smaller scale but ignorance will be less common; opinions will be less vigorous and habits gentler; you will notice more vices and fewer crimes.

Alexis de Tocqueville

Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.

Jean Chatzky

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.