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Financial Quotes

Wages Quotes

  • "Somebody told me … that he overheard a banker's wife saying her husband was working for free this year—this was 2009. What she meant was, he was just getting his basic salary of £300,000, and no bonus. Their sense of entitlement is, in the proper sense of the word, psychotic."
    John Lanchester (1962–), British journalist and novelist
    Source: Interviewed in the Sunday Times (London) (February 19, 2012)
  • "The key thing that went wrong was that a culture was allowed to develop where the relationship between what people did and what they got went way out of alignment, especially at the top end."
    Alistair Darling (1953–), British politician
    On pay and bonuses in the financial sector.
    Source: Interview, Daily Telegraph (London) (March 3, 2009)
  • "Wages are the measure of dignity that society puts on a job."
    Johnnie Tillmon (19261995), US welfare rights activist
    Source: “Welfare Is a Woman’s Issue,” The First Ms Reader (Francine Klagsbrun, ed, 1972)
  • "One man's wage increase is another man's price increase."
    Harold, Lord Wilson (19161995), British prime minister
    Source: Speech, Blackburn, UK (January 8, 1970)
  • "Wages are determined by the bitter struggle between capitalist and worker."
    Karl Marx (18181883), German political and economic philosopher
    Source: Early Writings (T. B. Bottomore, ed, 1963)
  • "The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person."
    J. K. Galbraith (19082006), US economist and diplomat
    Source: The Affluent Society (1958), ch. 21
  • "The trouble with the profit system has always been that it was highly unprofitable to most people."
    E. B. White (18991985), US writer
    Source: One Man's Meat (1942)
  • "No business which depends for existence on paying less than living wages to its workers has any right to continue in this country … by living wages I mean more than a bare subsistence level—I mean the wages of decent living."
    Franklin D. Roosevelt (18821945), US president
    Source: Address (1933)
  • "The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour."
    Sir John Richard Hicks (19041989), British economist
    Source: The Theory of Wages (1932), pt. 1
  • "All wages are based primarily on productive power. Anything else would be charity."
    Elbert Hubbard (18561915), US humorist
    Source: Notebook (1927)
  • "When a man says he wants to work, what he means is that he wants wages."
    Richard Whately (17871863), British archbishop and economist
    Source: Quoted in Principles of Political Economy (Henry Sidgwick, 1883)
  • "It is but a truism that labor is most productive where its wages are largest. Poorly paid labor is inefficient labor, the world over."
    Henry George (18391897), US economist
    Source: Progress and Poverty (1879), bk. 9
  • "There is no way of keeping profits up but by keeping wages down."
    David Ricardo (17721823), British economist
    Source: On Protection to Agriculture (1820)
  • "Men work but slowly, that have poor wages."
    Thomas Fuller (16541734), English physician and writer
    Source: Gnomologia (1732), no. 3407
  • "Economy: cutting down other people's wages."
    J. B. Morton (18931979), British writer and humorist
    Source: Attributed
  • "We're overpaying him, but he's worth it."
    Samuel Goldwyn (18821974), US movie producer
    Source: Attributed

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