A Quote by Adam Smith

Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor.

Adam Smith

Quote Topics

Always Combination Constant Everywhere Labor Masters Raise Sort Tacit Uniform Wages

Quote Author

Adam Smith
Scottish - Economist
June 5, 1723 - July 17, 1790

We rarely hear, it has been said, of the combinations [that is, unions or colluding organizations] of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform combination, not to raise the wages of labor above their actual price.

Adam Smith

Ministers have received their wages, and some have their minds too much on their wages. They labor for wages, and lose sight of the sacredness and importance of the work.

Ellen G. White

When illegal labor is used, that almost always depresses wages paid to all workers. The illegal workers can be exploited, and they will usually accept lower wages. As a result, all workers in the plant, including U.S. citizens, will see their wages go down.

Kris Kobach

It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over.

Henry George

Constant labor of one uniform kind destroys the intensity and flow of a man's animal spirits, which find recreation and delight in mere change of activity.

Karl Marx

Masonic labor is purely a labor of love. He who seeks to draw Masonic wages in gold and silver will be disappointed. The wages of a Mason are in the dealings with one another; sympathy begets sympathy, kindness begets kindness, helpfulness begets helpfulness, and these are the wages of a Mason.

Benjamin Franklin

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

Paul Samuelson

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.

Karl Marx

The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

Gita Gopinath

Everybody feels better about himself, his community, and his country if employers are paying workers well. Economics, though, teaches that if every employer is pressured to raise wages, some labor will be priced out of the market.

Edmund Phelps

You know, when I was in college, there was a big debate: Do unions raise wages? Well, with regard to industrial unions, there were arguments back and forth -- international competition. It is now clear, I think, that whether or not you think unions raised wages 50 years ago, the absence of unions and their weakness that is inflicted by anti-union public policy depresses wages. The fact is that people who are not represented, in the service industries in particular, are the victims of policies which depress their wages.

Barney Frank

American workers deserve a raise. I fully support the push for $15 an hour and a union. We also must raise wages for low and middle income families.

Jan Schakowsky

While tacit knowledge can be possessed by itself, explicit knowledge must rely on being tacitly understood and applied. Hence all knowledge is either tacit or rooted in tacit knowledge. A wholly explicit knowledge is unthinkable.

Michael Polanyi

Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.

Abraham Lincoln

[Hillary] Clinton wants to raise taxes, raise wages and she wants to do things like put caps on drug prices.

Maria Bartiromo

The basic goal of labor will not change. It is - as it has always been, and I am sure always will be - to better the standards of life for all who work for wages and to seek decency and justice and dignity for all Americans.

George Meany

A Quote by Adam Smith

Quote Topics

Quote Author

Related Quotes

Related Authors