A Quote by Philip Kotler

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

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Abroad Any Businesses Closing Closing Down Come Companies Creating Down Employment Even Fewer Goods Higher Home Import Issues Jobs Leads Less Many Minimum Minimum Wage More Other Play Possibly Problem Some Thus Unemployment Wages Which Working

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Philip Kotler
American - Author
Born: May 27, 1931

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

All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.

Milton Friedman

We need to find ways to transform the more than 60 million service jobs, which make up 45 percent of U.S. employment, in the same way - rewarding workers financially, encouraging and empowering creative participation, creating professional communities, and so on. We can look to any number of new companies - from Zappos, to Starbucks, to American Apparel - for examples of how this idea might play itself out. We need to do more to make service jobs into higher-paying family-supporting jobs of the future.

Richard Florida

The higher the unemployment rate, the more leverage I have to 'encourage' you to 'do what it takes' to keep your job. And so you work even more hours, pushing unemployment up and wages down. And that, my friends, is one of the little tricks that keeps you poor and me rich.

Nick Hanauer

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

Paul Krugman

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

James Cook

When the government takes more money out of the pockets of middle class Americans, entrepreneurs, and businesses, it lessens the available cash flow for people to spend on goods and services, less money to start businesses, and less money for businesses to expand - i.e. creating new jobs and hiring people.

Fabrizio Moreira

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.

Arthur Laffer

The way we'll get more jobs is by creating new industries, new companies, businesses that are higher tech and therefore can compete.

Wilbur Ross

Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.

Joseph Stiglitz

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

James Surowiecki

In my home district, exports support more than 100,000 jobs. Imagine how many more jobs we can create by breaking down the barriers that prevent Chicago-made goods and services from entering new markets.

Mike Quigley

Cutting tax credits for education and training will result in more Americans working at minimum-wage jobs while U.S. companies go begging for the higher-paid skilled workers they need.

Raja Krishnamoorthi

Many Americans are feeling, you know, shut out, shut down, the great recession hasn't ended for too many Americans, wages are flat, families are struggling, not enough new jobs, or new businesses are being created, and it's important that we all try to figure out what we're going to do, and that's what I've done my entire life, fighting for a higher minimum wage, or family leave, now paid family leave which I believe in, equal pay for equal work.

Hillary Clinton

When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services. And that helps businesses grow and create jobs. So many forward-looking employers, large and small, understand this.

Tom Perez

We have to use all of America's strengths to build a world with more partners and fewer adversaries, more shared responsibility and fewer conflicts, more good jobs and less poverty, more broadly based prosperity with less damage to our environment.

Hillary Clinton

A Quote by Philip Kotler

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