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Quote by Alistair Darling

“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.”

Quote by Alistair Darling

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Alistair Darling
Alistair Darling

Alistair Darling is a notable British politician and economist. Born on November 28, 1953, he has held significant roles in the British government, including serving as Chancellor of the Exchequer. Darling's political career has been characterized by his involvement in pivotal economic decisions and policies. more

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“Sharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.”

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Author:Richard M. Nixon
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“I first came into the labor force in 1941 when the minimum wage was 40 cents an hour, and that was my first job. And each time that we've tried to boost the lower level of salary for the most underpaid workers, there have been predictions of catastrophe. But each time, in [m]y opinion, the change has helped our Nation and its economic strength.”

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Author:Jimmy Carter
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