A Quote by Adam Smith
Labor was the first price, the original purchase - money that was paid for all things.
Related Quotes
Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.
You could increase farmworker wages significantly and not change the price to the consumer at all - for instance, if you redistribute how revenue is paid out across the food chain. Labor costs, particularly farm labor, is a tiny portion of the price we pay at the supermarket.
The journey of making money in music has changed a great deal and is now based on merchandising and just being very smart in the business. Downloading from iTunes has become the way to purchase music and the price that you pay there for a song cannot compare to the days when people paid money for records.
[T]he price you've paid is not the price of becoming human. It's not even the price of having the things you just mentioned. It's the price of enacting a story that casts mankind as the enemy of the world.
One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor - backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.
When I was a student, my first luxury purchase was a drafting table. It may not seem like a major purchase, but for me, it was the most important thing I could think of to spend my money on.
The riches of a country are to be valued by the quantity of labor its inhabitants are able to purchase, and not by the quantity of silver and gold they possess; which will purchase more or less labor, and therefore is more or less valuable, as is said before, according to its scarcity or plenty.
The individual investor should act consistently as an investor and not as a speculator. This means ... that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his purchase.
Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. And what is needed to produce this labor-commodity? Just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. The natural price of labor is no other than the wage minimum.
Liberty is more precious than money or office; and we should be vigilant lest we purchase wealth or place at the price of inner freedom.
It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over.
My dad used to tell me, 'Check the price, son.' Check the price, kids, check the price because there is a price to be paid for whatever you do in life, whether it is good or it is bad. Before you do something, ask yourself is it worth the price you have to pay?
You have to realize WWE's contract. They're not getting paid from advertising money. USA makes that money. WWE gets paid by USA, they get paid a lot of money, and the money increases every year. Ratings aren't the most important thing to them.
We honor the old prophets, we honor the Tozers and Spurgeons but we don’t want to pay the price they paid, and they paid the price by being men who walked alone who lived with God and who loved His word.
Everything has its price - and if that price is not paid, not that thing but something else is obtained... it is impossible to get anything without this price.
Money is the fuel for choices. Money gives me choices, so it's not nothing, it's something. But it's not the end all, be all. There are other things in my life that I did not purchase with money that are very valuable.
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