A Quote by Elizabeth Warren
The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder.
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Oftentimes when you have the federal government or others step in and start to raise minimum wage, what happens is you take away or reduce some people's opportunity to grab the bottom rung of the economic ladder to get the opportunities and the skills that you need to move up that economic ladder.
Some people are at the top of the ladder, some are in the middle, still more are at the bottom, and a whole lot more don't even know there is a ladder.
There is an alternative to terror. It is called, in the political order, democracy. In the economic order, it is called the dynamic enterprise economy. (...) It empowers poor people from the bottom up. (...) A dynamic economic sector is the poor's best hope of escaping the prison of poverty. It is the only system so far known to human beings to take poor people and make them, quite soon, middle class, and some of them even (horrors!) rich.
The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. The ladder of development hovers overhead, and the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung.
When you're an immigrant, you're at the bottom of the ladder. You might not be at the bottom of the ladder economically. Those contradictions led me to feel that the role in society I was given didn't jive with my sense of myself. I think, in fact, that is the case with most people. Everybody feels themselves to be in an original relationship to creation, and feels confined by their social role.
I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder.
Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans.
Standing athwart ineffective, feel-good legislation shouting, 'Stop!' is seen as a betrayal of those struggling to get their footing on the lowest rung of the economic ladder. Yet raising the minimum wage hacks the lowest rungs off the ladder altogether. But economic logic doesn't wash with liberals who are intent on inflaming class warfare.
Better to be at the bottom of a ladder you want to climb than in the middle of some ladder you don’t, right?
It's the people who work hard and earn big that keep the machine tipping for everybody else. If everybody else was equal down the bottom rung of a ladder, nobody would be on the ladder at all because it would break and everybody would fall off backwards. So you need people at the top to help pull those people up from the bottom. You can't take that and swing to the right. You can't have everybody living in the same ordinary $60,000 house because you may as well live in Russia, Bulgaria or some other Eastern block Communist nation.
People in the political world have every incentive to say things that lead voters away from a clear economic understanding of issues. What has happened more and more is that organized groups have more and more reasons to say things that don't make any economic sense.
I have an immigrant story. Most people come here for economic reasons, or religious reasons, or racial reasons, or gender reasons, or one of those things. I had a good job in Paris, but America was, and still is, the golden fleece. And I've done very well!
My concentration span is truly that of a gnat. Some people have this ladder, and that's all there is - the ladder. I have the ladder, too, but there's a building around it with scaffolding, and lots of windows for me to peek into. Then suddenly I'll remember, 'Oh, there's the ladder. I should be concentrating on that.'
I want a bigger band with higher highs, a bigger ladder. And I want more bottom - I want an incredible amount of bottom. I want more noise. When I do a rock tune I want it to be so HUGE.
History shows that it's not smart for states to pay more to get jobs; you just get into the race to the bottom.
Most people who came here came for economic reasons or sometimes for religious or political reasons. I didn't have any of this. I came here, I liked it, I stayed. So I'm a pure American - even more than people who are born here - because I did it by choice as an adult.
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