A Quote by Edward Conard

Lesser-skilled workers suffer the entire burden of lower wages but capture only a portion of the benefits from lower-priced offshore goods.

Edward Conard

Quote Topics

Benefits Burden Capture Entire Goods Lesser Lower Offshore Only Portion Skilled Skilled Workers Suffer Wages Workers

Quote Author

Edward Conard
American - Businessman

I have had the view that cutting wages is not the path to prosperity, and one of the great myths propagated about my attitude to industrial relations is that I believe in lower wages. I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.

John Howard

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

One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.

Joseph Stiglitz

Although everyone does benefit from lower-priced goods and services, people also care greatly about the chance to be productively employed and the quality of their work. Declining employment opportunities feel real and immediate; the rise in real incomes brought by lower prices does not.

Michael Spence

One line I'd draw would be on raising the eligibility age for Social Security and Medicare. It sounds fair, since people are living longer. But it isn't. Lower income workers are the ones who find it hardest to keep working after 65. And they'll get penalized with lower benefits.

Gail Collins

Unfortunately, we have to dial down low-skilled immigration. We have to recognize that there is more unemployment among the lesser-skilled workers than among the most-skilled workers.

Edward Conard

What made women's labour particularly attractive to the capitalists was not only its lower price but also the greater submissiveness of women. The capitalists speculate on the two following factors: the female worker must be paid as poorly as possible and the competition of female labour must be employed to lower the wages of male workers as much as possible. In the same manner the capitalists use child labour to depress women's wages and the work of machines to depress all human labour.

Clara Zetkin

If you look at the economics of Nokia, roughly half of the company, half of the business, half of how we think about the business is focused on those emerging markets and on those lower-priced devices. But, of course, people who are aspirational and buying those lower-priced devices today are looking at smart phones tomorrow, and so forth.

Stephen Elop

If you look at the economics of Nokia roughly half of the company, half of the business, half of how we think about the business is focused on those emerging markets and on those lower-priced devices. But, of course, people who are aspirational and buying those lower-priced devices today are looking at smart phones tomorrow, and so forth.

Stephen Elop

For too long the U.S. immigration system has focused on accepting low-skilled immigrants. Basic economics tells us that the surge of low-skilled workers depresses wages and harms the prospects of American workers.

Mercedes Schlapp

In January 2012, Caterpillar locked out union workers at a locomotive factory in Ontario after they rejected a pay cut of about 50 percent; the company shuttered the plant and moved production to Muncie, Ind., where workers accepted lower wages.

Mina Kimes

Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage.

Dale T. Mortensen

The benefits of a modest warming would outweigh the costs - by $8.4 billion a year in 1990 dollars by the year 2060, according to Robert Mendelsohn at Yale University - thanks to longer growing seasons, more wood fiber production, lower construction costs, lower mortality rates, and lower rates of morbidity (illness).

Joseph L. Bast

While there are many illegal immigrants in America who are good people, many, many, this doesn't change the fact that most illegal immigrants are lower skilled workers with less education, who compete directly against vulnerable American workers, and that these illegal workers draw much more out from the system than they can ever possibly pay back.

Donald Trump

While there are many illegal immigrants in our country who are good people, many, many, this doesn't change the fact that most illegal immigrants are lower skilled workers with less education, who compete directly against vulnerable American workers, and that these illegal workers draw much more out from the system than they can ever possibly pay back.

Donald Trump

I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.

John Howard