A Quote by James Cook

The higher the wages the fewer the jobs; the lower the wages the more the jobs.

James Cook

Quote Topics

Fewer Higher Jobs Lower More Wages

Quote Author

James Cook
British - Explorer
October 27, 1728 - February 14, 1779

Over the years, America had become more like Wal-Mart. It had gotten cheap. Prices were lower, and wages were lower. There were fewer union factory jobs and more part-time jobs as greeters.

George Packer

I would like to believe that TPP will lead to more exports and jobs for the American people. But history shows that big trade agreements - from NAFTA to the Korea Free Trade Agreement - have resulted in fewer American jobs, lower wages, and a bigger trade deficit.

Dan Lipinski

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

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

I've seen the same promises -- more jobs, higher wages, the jobs don't materialize ... the promises are remade.

Sherrod Brown

Over the years, we have lost millions of decent paying jobs. These trade agreements have forced wages down in America so the average worker in America today is working longer hours for lower wages.

Hillary Clinton

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

In working on any one problem, such as higher minimum wages, so many other issues come into play, such as some businesses possibly closing down, thus creating fewer jobs and more unemployment and incentivizing companies to import more goods from abroad, which leads to even less employment at home, and so on.

Philip Kotler

When businesses don't spend and invest, they don't hire and cannot offer better-paying jobs. Business investment and wages are two sides of the same mirror. If a company purchases five trucks rather than 10, there are five fewer trucking jobs.

Lawrence Kudlow

The Trump administration's economic agenda is the right agenda. Corporate taxes have been driving capital and brains and companies overseas for a decade. It has caused huge damage in investment and jobs and productivity. It was a mistake. We have to fix it. Counterintuitively, that usually helps middle-class wages, and lower-class wages, and job formation.

Jamie Dimon

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.

Donald Trump

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

I am totally in favor of trade. But I want trade deals for our country that create more jobs and higher wages for American workers.

Donald Trump

If a new company is formed, it hires people and creates jobs in its community. As it grows, people's opportunities multiply and wages rise. Inequality diminishes as more people get pulled into good jobs.