A Quote by Nick Hanauer
Once America's CEOs get back to the business of growing their companies rather than growing their share prices, shareholder value will take care of itself, and all Americans will share in the higher wages and other benefits of a renewed era of economic growth.
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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.
We get too caught up in the moneymaking part of life. My own biggest concerns are to stay healthy and happy. I think the business will take care of itself and, when I put that thought out into the world, it happens. My company is absolutely growing and growing and growing.
Our economic system has enabled companies and individuals to use their power and influence to capture and retain an ever-increasing share of the benefits of economic growth while the benefits for the poorest in society have shrunk.
Union members not only earn higher median wages; they are more likely to have paid sick leave, short-term disability, and employer-provided child care. Giving people a voice at work - the ability to organize and negotiate for their fair share of the value they helped create - is absolutely essential to a growing, vibrant middle class.
Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt. ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs.
Illinois will only get economically healthy if we stop focusing on growing minimum wages and start focusing on growing everyone's wages.
As America's head coach, President Obama needs to make some big and smart adjustments to jump-start economic growth and business investment, stimulate job creation, and get wages up for ordinary Americans.
In general foreign invested companies who come to America to start a company, to open a manufacturing business or whatnot, they actually provide much higher wages than American companies.
Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.
Growing economies are critical; we will never be able to end poverty unless economies are growing. We also need to find ways of growing economies so that the growth creates good jobs, especially for young people, especially for women, especially for the poorest who have been excluded from the economic system.
The rich would do better with a smaller share of a rapidly growing economy then they're doing now with a large share of an economy that is barely growing at all.
For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.
Shareholder value is the result of you doing a great job, watching your share price go up, your shareholders win, and dividends increasing. What happens when you have increasing shareholder value? You're delivering better employees to their communities and they can give back. Communities are winning because employees are involved in mentoring and all these other things. Customers are winning because you're providing them new products.
People in the U.K. share my bemusement with the United States that America doesn't share with itself. They have a sense of irony, which America doesn't have, seeing as it's being run by fundamentalists who take things literally.
We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the business man is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.
The good news is, Americans know firsthand the benefits of a free market - more choices, lower prices, higher quality - and there is no reason why we cannot help them see these same benefits in health care.
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