A Quote by J. B. Morton
Economy: cutting down other people's wages.
Related Quotes
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.
It were depression, too. They cut my wages down once at the foundry. They cut my wages down again. Then they cut my wages out, also the job.
Experience demonstrates that there may be a wages of slavery only a little less galling and crushing in its effects than chattel slavery, and that this slavery of wages must go down with the other.
One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.
At the umbilical region we actually network with people. Picture that you are cutting those cords to everyone you know. It doesn't mean you don't love them; you are just cutting down on the negative energy pickup from people.
We must use a good deal of economy in our wood, never cutting down new, where we can make the old do.
I tend to go with things people need. Obviously with the barbershop, people will need haircuts regardless of the economy. In a down economy, I choose businesses that don't require a lot of start-up cash or a cash injection on a regular basis. They might need some initially, but not often after. Rental of properties is a good business in a down economy as people struggle with mortgages.
Sometimes if your only approach is cutting spending at a time when the economy's contracting, then the economy will contract further.
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.
People understand that the economy is rigged. They're working longer hours for low wages. All new income and wealth, almost all, is going to the people on top.
Don't let anything like trees in the Clearwater National Forest get in the way of providing jobs and fueling the economy, even if that means cutting down every last tree in the state.
Fares are higher [and] people don't travel as much. If they don't do that, it doesn't have the trickle down effect into the economy and the other sectors.
Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the population. This means that they've gone down especially for Blacks and Hispanics and other blue-collar workers. Their net worth has actually turned negative, and they don't have enough money to get by.
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.
The economy is a ponzi scheme. People are working harder than they ever have for less wages, but we have so many bobbles because manufacturing has come up so quickly over the past hundred years that people have the illusion of wealth.
Over the long term, the only way we're going to raise wages, grow the economy, and improve American competitiveness is by investing in our people - especially their educations.
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