A Quote by Michael Lewis

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans. — © Michael Lewis
A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.
That is a society editor, sitting there elegantly dressed, with his legs crossed in that indolent way, observing the clothes the ladies wear, so that he can describe them for his paper and make them out finer than they are and get bribes for it and become wealthy.
We need to realize that these industrial methods of farming have gotten us used to cheap food. The corollary of cheap food is low wages. What we need to do in an era when the price of food is going up is pay better wages. A living wage is an absolutely integral part of a modern food system, because you can't expect people to eat properly and eat in a sustainable way if you pay them nothing. In fact, it's cheap food that subsidized the exploitation of American workers for a very long time, and that's always been an aim of cheap food.
You can give poor people this royal wedding to watch and make them feel good about themselves, or you can give them something useful like, I don't know... a toaster.
I never thought about becoming wealthy. It never crossed my mind. What really motivated me was to try to accomplish something.
A lot of Americans desperately want to believe that China is full of poor people who can't innovate, and the only goods they make are cheap, toxic rip-offs our Western brands. They want to believe the only reason the Chinese economy is surging is because the West wants cheap goods and China knows how to make them that way.
I can honestly say that, growing up, it never crossed my mind that I could ever make anything. I could write articles about things, which is why I wanted to be a professor. I loved watching movies and writing about them and teaching them, but it never crossed my mind that I could make something.
A world where wages no longer rise still needs consumers. Middle-class purchasing power has been maintained through loans, loans and more loans. The Calvinistic reflex that you have to work for your money has turned into a license for inequality.
Women know the damnation of charity because the habit of civilization has always been to throw them cheap alms rather than give them good wages.
If a market exists for low-paid work, then we should think about how we can make this type of work more attractive by providing government assistance. Of course, the wage-earner must be able to live off of his wages. We will not allow poverty wages or dumping wages. But the wage earner can receive a combined wage that includes both his actual wages and a government subsidy.
If I'm a bank, and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money: in other words, to make highly leveraged loans.
I was pretty poor for a long time. Not *poor* poor. But college student poor. I lived for most of my adult life living on student wages, then after I got my MA and started teaching, I lived on teacher's wages, which isn't much better.
I cannot always sympathize with that demand which we hear so frequently for cheap things. Things may be too cheap. They are too cheap when the man or woman who produces them upon the farm or the man or woman who produces them in the factory does not get out of them living wages with a margin for old age and for a dowry for the incidents that are to follow. I pity the man who wants a coat so cheap that the man or woman who produces the cloth or shapes it into a garment will starve in the process.
[Donald Trump] said it`s against affordable health care for poor people and will not fight to raise wages for working poor people, that`s pushing all of them in terms of policy.
His mother called such people ignorant and superstitious, but his father only shook his head slowly and puffed his pipe and said that sometimes old stories had a grain or two of truth in them and it was best not to take chances. It was why, he said, he crossed himself whenever a black cat crossed his path.
With his continual doctrine [Bishop Hooper] adjoined due and discreet correction, not so much severe to any as to them which for abundance of riches and wealthy state thought they might do what they listed. And doubtless he spared no kind of people, but was indifferent to all men, as well rich as poor, to the great shame of no small number of men nowadays. Whereas many we see so addicted to the pleasing of great and rich men, that in the meantime they have no regard to the meaner sort of poor people, whom Christ hath bought as dearly as the other.
I don't feel like a wealthy person. Other people think of me as a wealthy person, but I don't. I feel the same as when I was a fifth-year associate trying to make partner at Lehman Brothers. I haven't changed.
This site uses cookies to ensure you get the best experience. More info...
Got it!