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Wage Rates
Quote | Source | Page | Subject |
---|---|---|---|
In the long run the worker can never get more than the consumer allows. | Bureaucracy | p. 37 | Wage Rates |
It is not the Hollywood film corporation that pays the wages of a movie star; it is the people who pay admission to the movies. And it is not the entrepreneurs of a boxing match who pay the enormous demands of the prize fighters; it is the people who pay admission to the fight. | Economic Policy | pp. 910 | Wage Rates |
Like other factors of production, labor is also valued according to its usefulness in satisfying human wants. | On the Manipulation of Money and Credit | p. 177 | Wage Rates |
Minimum wage rates, whether decreed and enforced by the government or by labor union pressure and violence, result in mass unemployment. | Planning for Freedom | p. 27 | Wage Rates |
The better the tools are which the worker uses in his job, the more he can perform in an hour, the higher is, consequently, his remuneration. | Planning for Freedom | p. 151 | Wage Rates |
The buyers do not pay for the toil and trouble the worker took nor for the length of time he spent in working. They pay for the products. | Planning for Freedom | p. 151 | Wage Rates |
The height of wage rates is determined by the consumers appraisal of the value the workers labor adds to the value of the article available for sale. | Planning for Freedom | p. 190 | Wage Rates |
The only means to raise wage rates permanently for all those eager to earn wages is to raise the productivity of labor by increasing the per-head quota of capital invested and improving the methods of production. | Planning for Freedom | p. 6 | Wage Rates |
There is but one way toward an increase of real wage rates for all those eager to earn wages: the progressive accumulation of new capital and the improvement of technical methods of production which the new capital brings about. The true interests of labor coincide with those of business. | Bureaucracy | p. 112 | Wage Rates |
There is only one efficacious way toward a rise in real wage rates and an improvement of the standard of living of the wage earners: to increase the per-head quota of capital invested. | The Theory of Money and Credit | pp. 464-65 | Wage Rates |
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