A Quote by Abraham Lincoln
Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.
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It is notorious that, whenever the demand for labor is much greater than the supply, or the wages of labor are much higher than the expenses of living, very many, even on the ordinary laboring class, are remarkable for indolence, and work no more than compelled by necessity.
By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.
A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.
Labor in the white skin can never free itself as long as labor in the black skin is branded.
You could increase farmworker wages significantly and not change the price to the consumer at all - for instance, if you redistribute how revenue is paid out across the food chain. Labor costs, particularly farm labor, is a tiny portion of the price we pay at the supermarket.
It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over.
Whatever there is of greatness in the United States, or indeed in any other country, is due to labor. The laborer is the author of all greatness and wealth. Without labor there would be no government, no leading class, and nothing to preserve.
Lincoln has accepted America as a biracial society. He's talking about giving at least some black men the right to vote. In the Emancipation Proclamation he advises some blacks to labor faithfully for reasonable wages, here in the United States. He doesn't say anything about them leaving the country. He puts black men in the army. That is a whole different vision than simply saying "let's have them go out of the country." I think what's interesting is the change in Lincoln's view, but one must realize that he did adhere to this idea of colonization for many years.
When money is controlled by a few it gives that few an undue power and control over labor and the resources of the country. Labor will have its best return when the laborer can control its disposal.
For me the march was a labor - a labor of love - but I was busy handing out flyers for the National Association of Black Social Workers, so I really wasn't standing in the crowd listening and observing. I was busy.
One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor - backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.
Labor unions have a long history of benefitting all workers, even those who are not members of unions, because everyone's wages go up. If we don't increase membership - and membership in labor unions is going down because of the attacks against organized labor - it's something every single American, whether they're officially in a union or not, should be concerned about. It's a spiral. It's a weakening of the middle class and our economy can't sustain that.
It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product.
Lincoln sees slavery in some ways as a theft of labor. A slave is a laborer who is being denied the fruits of his labor.
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.
Ministers have received their wages, and some have their minds too much on their wages. They labor for wages, and lose sight of the sacredness and importance of the work.
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