A Quote by Warren Buffett

We always see shifts in employment. If you think about it, if you go back to 1800, it took 80 percent of the labor force to produce enough food for the country. Now it takes less than 3 percent. Well, the truth is that market systems move people around.

Warren Buffett

Quote Topics

About Always Around Back Country Employment Enough Food Force Go Labor Labor Force Less Market Move Now People Percent Produce See Shifts Systems Takes Than Think Took Truth Truth Is Well

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

I'm going to create tremendous jobs. And we're bringing GDP from, really, 1 percent, which is what it is now, and if Hillary Clinton got in, it will be less than zero. But we're bringing it from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.

Donald Trump

Economists often talk about the 80/20 Principle, which is the idea that in any situation roughly 80 percent of the “work” will be done by 20 percent of the participants. In most societies, 20 percent of criminals commit 80 percent of crimes. Twenty percent of motorists cause 80 percent of all accidents. Twenty percent of beer drinkers drink 80 percent of all beer. When it comes to epidemics, though, this disproportionality becomes even more extreme: a tiny percentage of people do the majority of the work.

Malcolm Gladwell

I know Teddy Kennedy had fun at the Democratic convention when he said that I said that trees and vegetation caused 80 percent of the air pollution in this country. ... Well, now he was a little wrong about what I said. I didn't say 80 percent. I said 92 percent-93 percent, pardon me. And I didn't say air pollution, I said oxides of nitrogen. Growing and decaying vegetation in this land are responsible for 93 percent of the oxides of nitrogen. ... If we are totally successful and can eliminate all the manmade oxides of nitrogen, we'll still have 93 percent as much as we have in the air today.

Ronald Reagan

[Obamacare] premiums are going up 60 percent, 70 percent, 80 percent. Next year they're going to go up over 100 percent. And I'm really glad that the premiums have started - at least the people see what's happening.

Donald Trump

I kind of dread any kind of critical response, just because it's always painful in some way. Even if it's 80 percent good, it's the 20 percent that's bad that you remember - and that's a higher number than I usually get, 80 percent would be amazing.

David Duchovny

From an economic perspective, women are treated unfairly: they perform 66 percent of the world's work and produce 50 percent of the food but they only earn 10 percent of the income and own 1 percent of the property.

Zainab Salbi

What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.

Bernie Sanders

80 percent of the Dutch jihadists who go to fight in Syria are Moroccans. 80 percent. They are 22 times over represented when it comes to street crime, and 60 percent of the Moroccan youth under the age of 23 has been arrested at least once.

Geert Wilders

In my father's generation, the product was 80 percent of what you were putting into the world, and your personal life was 20 percent. It now seems that 80 percent of the product I put out is silly, made-up stories and what I'm wearing.

Angelina Jolie

I used to think business was 50 percent having the right people. Now I think it's 80 percent.

Kevin P. Ryan

Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings

John Warren Kindt

The pollution they produce, market, sell, and show to billions around the world is at its core contemptuous of the country that gave them better lives than nearly 100 percent of everybody who's ever lived. And they pass that contempt along for everyone to see.

John Ratzenberger

About forty percent of the people vote Democrat. About forty percent vote Republican. Of those eighty percent, most wouldn't change their votes if Adolf Hitler was running against Abe Lincoln - or against FDR. . . . That leaves twenty percent of the people who swing back one way or another . . . the true independents. . . . That twenty percent controls the destiny of the country.

Tom Clancy

I try to use a balance of the 80/20 percent, where 80 percent of the time I'm eating very well, and 20 percent of the time, I'm a little more adventurous.

Tiffani Thiessen

I'm not expecting a big sell-off but I do think that if we don't have a move toward economic growth and policies that will promote economic growth and get us out of this 2 percent world - we really need to see 4 percent, 5 percent - to see jobs created, and if we don't see that longer-term, yeah the market will sell-off...[but] I do think things are getting better. It's just been very slow.