A Quote by Peter Schiff
In a free market, businesses compete for customers by keeping prices down and for labor by keeping wages up.
Related Quotes
There is no way of keeping profits up but by keeping wages down.
Workers' wages are not keeping up with inflation. Their wages are not on pace with the amount of work that they do. We work harder and longer in America and still people's wages are not keeping up with that.
If you are trying to favor the unions by having more rigid labor market and keeping wages very high, you could be blocking people from getting new jobs.
We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
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.
You can't tell me you can make any system or country work with low wages and high prices, and high wages with high prices don't mean anything when the prices eat up the wages and don't leave anything over.
Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing if not eliminating altogether any economic reason to 'push' drugs on children.
In a free market capitalist system, 'price signals' are everything. Prices are determined by buyers and sellers in the free market, and these prices are broadcast from the exchanges, reaching all corners of the economy - where they are used to transact business.
That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this.
If we get a tax system that is competitive, we will hire people. When you hire people, you have to compete for labor. When you compete for labor, you drive wages.
I think there's a responsibility more as an artist to try and push in the direction you think comedy should go... The biggest thing I could do for the art that I love was keeping it art: keeping it special, keeping it honest, keeping it truthful.
Confusion has become a state of mind, more of less; we're trained to be confused. Quite simply, the people in power are keeping us down, keeping us docile and keeping us consuming with this confusion. It's a cultural confusion and it is deliberate.
Young voters may be growing up in an era of increased global connection, cooperation and commerce. But they're very open to politicians who tell them it is these very things that are keeping elites in power and keeping their generation down.
Keeping grounded and keeping focused and keeping calm and thankful, that comes from God.
A true chocolate lover finds ways to accommodate his passion and make it work with his lifestyle. One key, not just to keeping weight down and staying guilt-free, but also to keeping taste buds sharp (essential for the professionals who evaluate new products as well as judge recipes), Is being discriminating.
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.
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