A Quote by Ed Pastor

While prices of goods continue to rise, American worker's wages remain stagnant.

Ed Pastor

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American Continue Goods Prices Remain Rise Stagnant Wages While Worker

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Ed Pastor
American - Politician
Born: June 28, 1943

There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.

Peter Schiff

Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.

Alex Berenson

I want to make sure that the American worker has an opportunity to see their wages rise and their incomes increase.

Rick Santorum

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.

Henry Ford

If a rise in wages does not raise prices, a fall will not reduce them.

Joan Robinson

The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.

Ludwig von Mises

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.

Philip Kotler

One thing we're going to focus on is the middle class and the crushing prices and stagnant wages they're facing. What motivates me is looking at my 3-year-old son and thinking about what we're passing on to him and his future wife and their future kids.

Bobby Schilling

The American consumer is also the American worker, and if we don't do something to protect our manufacturing base here at home, it is going to be hard to buy any retail goods.

Lindsey Graham

If you consider that a typical Central American consumer earns only a small fraction of an average American worker's wages, it becomes clear that CAFTA's true goal is not to the increase U.S. exports.

Stephen F. Lynch

The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour.... Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions.

Sumner Slichter

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Ben Bernanke

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.

Michael Hudson

The rise of franchising, contracting, and other similar employment practices has made it harder to enforce worker protections like minimum wages, overtime pay, and the right to unionize.

Jan Schakowsky

We used to have food picked and used to have houses built and we used to have chicken properly processed and it was Americans that did it. If we are going to continue to utilize those goods, then what's going to have to happen is that the employers are going to have to elevate the wages in order to attract American workers to do those jobs.

Mo Brooks

The American people want economic prosperity, high-quality goods and low prices, all of which I support.

John Linder

A Quote by Ed Pastor

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