A Quote by Charles M. Schwab
What we must seek is a plan by which the men will receive high wages when the employers are receiving high prices for the product.
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You can't tell me you can make any system or country work with low wages and high prices, and high wages with high prices don't mean anything when the prices eat up the wages and don't leave anything over.
Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.
In the U.S., PC-makers have no incentive to lower prices because it kills their profit margins. They keep adding new features like high-end retina displays and faster processors to justify their high prices.
Communities must plan for a variety of uses and income levels. Why do we care about housing as high-tech employers? If teachers, firefighters, peace officers, retail or restau- rant workers can't live here, then we're going to fail.
The Trump plan is a different plan. It's a you're fired plan. And there's two key elements to it. First, Donald Trump said wages are too high. And both Donald Trump and Mike Pence think we ought to eliminate the federal minimum wage.
My message is that the counterclaim - which is that if wages go up, employment will go down - is a scam. It's a con job. It's an intimidation tactic. There is absolutely no evidence anywhere that it's true. On the contrary, where you find high wages you usually find low unemployment.
A creative mindset is in increasingly high demand: employers are vying for workers who are able to dream big and deliver big with the next must-have product. Creative thinking fuels innovation, it leads to new goods and services, creates jobs and delivers substantial economic rewards.
To receive more, we must give out what we receive. . . . For it is by giving that we set in operation the unfailing law of measure for measure. With no thought of receiving, it is impossible to avoid receiving, for the abundance you have given is returned to you in fulfillment of the law.
And how high is Christ's cross? As high as the highest heaven, and the throne of God, and the bosom of the Father that bosom out of which forever proceed all created things. Ay, as high as the highest heaven! for if you will receive it when Christ hung upon the cross, heaven came down on earth, and earth ascended into heaven.
Food poverty exists because of unemployment, low wages, high costs of heating, as well as problems at the DWP including delays in receiving social security, and the cruel and unfair Bedroom Tax.
What's new is high oil prices and the economy hates high oil prices.
We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.
There is no such thing as guaranteed high investment returns. Be wary of anyone who promises that you will receive a high rate of return on your investment with little or no risk.
The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.
Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.
If a market exists for low-paid work, then we should think about how we can make this type of work more attractive by providing government assistance. Of course, the wage-earner must be able to live off of his wages. We will not allow poverty wages or dumping wages. But the wage earner can receive a combined wage that includes both his actual wages and a government subsidy.
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