A Quote by Joan Robinson

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

Joan Robinson

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Does Fall Prices Raise Reduce Rise Them Wages Will

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Joan Robinson
British - Economist
October 31, 1903 - August 5, 1983

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

The world has witnessed the rise and fall of monarchy, the rise and fall of dictatorship, the rise and fall of feudalism, the rise and fall of communism, and the rise of democracy; and now we are witnessing the fall of democracy... the theme of the evolution of life continues, sweeping away with it all that does not blossom into perfection.

Maharishi Mahesh Yogi

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

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 you want to think of a company as a system, design the system to benefit all. So how can you raise wages, increase training, and reduce carbon, and provide low-prices? We believe that it's possible to deliver, and I find a lot of other likeminded CEOs, as it relates to thinking that way.

Doug McMillon

The advantages of globalization are actually much like the advantages of technological improvement. They have very similar effects: they raise output in countries, raise productivity, create more jobs, raise wages, and lower prices of products in the world economy.

Gita Gopinath

[Hillary] Clinton wants to raise taxes, raise wages and she wants to do things like put caps on drug prices.

Maria Bartiromo

Many people do not realize that where unions have bargaining rights employers cannot raise wages or improve benefit plans any more than they can reduce them without of the consent of the union.

Charles E. Wilson

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

Ed Pastor

If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Warren Buffett

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

With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.

Hillary Clinton

I asked one retailer, I said, "Let me ask you, are you going to raise prices next year?" They looked at me and said, "Not only are we not going to raise prices, we're going to have to lower prices, increase the quality of the goods, and turn the inventory quicker."

Ken Moelis

Historically, there hasn't been a significant correlation between gold prices and U.S. elections. Furthermore, history has shown that gold prices tend to fall just before U.S. elections and rise immediately after, and this goes on until the next election.

Fabrizio Moreira

The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state.

David Ricardo

Accept certain inalienable truths, prices will rise, politicians will philander, you too will get old, and when you do you'll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders.

Mary Schmich

A Quote by Joan Robinson

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