A Quote by John Bates Clark

The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result?

John Bates Clark

Quote Topics

Accurately Case Dishonest Give Honest How Individual Laborer Last Law Market May Pay Practice Question Result Studied Tends Wage Working Worth

Quote Author

John Bates Clark
American - Economist
January 26, 1847 - March 21, 1938

The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.

Thomas Sowell

God help us, ma'am! Do you see what we saw? We saw that we'd been given a law to live by, a moral law, they called it, which punished those who observed it - for observing it. The more you tried to live up to it, the more you suffered; the more you cheated it, the bigger reward you got. Your honesty was like a tool left at the mercy of the next man's dishonesty. The honest ones paid, the dishonest collected. The honest lost, the dishonest won. How long could men stay good under this sort of a law of goodness?

Ayn Rand

Multi-millionaires who pay half or less than half of the percentage of tax the rest of us pay justify their actions by saying they pay what the law requires. Though true, the fact is they found ways within the law to beat the purpose of the law - which, in the case of taxes, is that we all pay our fair share.

Simon Sinek

The rules and principles of case law have never been treated as final truths but as working hypotheses, continually retested in those great laboratories of the law, the courts of justice. Every new case is an experiment, and if the accepted rule which seems applicable yields a result which is felt to be unjust, the rule is reconsidered.

Benjamin N. Cardozo

I give off rather mixed messages about the law. On the one hand, I can honestly say I don't miss working in a law office. On the other hand I do enjoy watching the law and while the profession may have its problems, I have sold zillions of books out of magnifying them.

John Grisham

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

Gray Davis

The health care law's individual mandate forces nearly all individuals to buy health insurance or pay a penalty. The mandate cannot be severed from the rest of the law because it is the primary mechanism through which the law's changes are supported. Without the mandate, the law collapses.

Tim Griffin

Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.

Bill Pascrell

No one can deny that much of our modern advertising is essentially dishonest; and it can be maintained that to lie freely and all the time for private profit is not to abuse the right of free speech, whether it is a violation of the law or not. But again the practical question is, how much lying for private profit is to be permitted by law?

Carl L. Becker

A minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage.

Jacob G. Hornberger

The only thing that can set aside a law as wrong is a better law, or an idea of a better law. And the only thing that an give a law the quality of better or worse is the concrete result which it promotes or fails to promote.

William Ernest Hocking

In general, we as police officers - at least the good police officers - like to look at each situation case by case and always pay close attention to the spirit of the law rather than the letter of the law.

Steven Seagal

Isolated facts and experiments have in themselves no value, however great their number may be. They only become valuable in a theoretical or practical point of view when they make us acquainted with the law of a series of uniformly recurring phenomena, or, it may be, only give a negative result showing an incompleteness in our knowledge of such a law, till then held to be perfect.

Hermann von Helmholtz

Whatever the human law may be, neither an individual nor a nation can commit the least act of injustice against the obscurest individual without having to pay the penalty for it.