“Now, wages in the automobile industry are made up of two components, what we call base rates and the cost of living factor which is fed in by the operation of the escalator.” MadeTwoIndustryCostRateFactorsOperationsFedsWagesComponentsAutomobileCost Of LivingEscalatorsAutomobile Industry Author:Leonard Woodcock
“[Social legislation] raised the cost of production; and what can be more illogical than to raise the cost of production in the country and then to allow the products of other countries which are not surrounded by any similar legislation, which are free from any similar cost and expenditure freely to enter our country in competition with our own goods...If these foreign goods come in cheaper, one of two things must follow...either you will take lower wages or you will lose your work.” IfsTwoCountrySocialLosesProductsCostRaisesCompetitionRaisedProductionsOur CountryTwo ThingsGoodsOther CountriesLegislationWagesCheaperExpendituresIllogical Author:Joseph Chamberlain
“From the point of view of the employer, it is in any case simply an item of cost, to be reduced to a minimum if it cannot be eliminated altogether, say, by automation. From the point of view of the workman, it is a "disutility"; to work is to make a sacrifice of one's leisure and comfort, and wages are a kind of compensation for the sacrifice.” IfsKindViewsCasesSacrificeComfortCostPoint Of ViewLeisureMinimumWagesItemsEmployersCompensationWorkmenAutomationSmall Is Beautiful Book:SMALL IS BEAUTIFUL Source: SMALL IS BEAUTIFUL
“We can decide that the presence of cancer-causing substances in our air, water, and food is too expensive. A 2009 study, for example, has found that coal miners in Appalachia costs the region five times more in premature deaths, including from cancer, than it provides to the region in jobs, taxes, and economic benefits. In California, the production and use of hazardous chemicals cost the state $2.6 billion in 2004 alone in lost wages and health-care expenses to treat workers and children with pollution-linked diseases.” ChildrenStatesUseCareJobsFoundLostWaterStudyFiveAirEconomicExampleCostTaxesDiseaseBenefitsTreatsEnvironmentalWorkersIncludingCancerProductionsBillionsHealth CareSubstanceCaliforniaExpensiveRegionsExpensesChemicalsPollutionWagesCoalLinkedPrematureMinersAppalachiaCoal MinersPremature Death Author:Sandra Steingraber
“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.” IfsPayCostLaborIncreasePaidTinyInstanceChainsConsumersFarmsPortionsWagesRevenueSupermarketsFood Chain Author:Anna Lappe
“The problem is capitalism. The problem is that in order to sell seven billion people on the necessity of globalisation, we've created a moral universe where people who do not work to create profit are considered less than human, and used as surplus labour to drive down the cost of wages.” PeopleHumansProblemUsedOrderUniverseMoralCostCapitalismSellsSevenProfitBillionsLabourWagesSurplusGlobalisation Author:Laurie Penny
“The TPP is another corporate-backed agreement that is the latest in a series of trade policies which have cost us millions of decent-paying jobs, pushed down wages for American workers and led to the decline of our middle class. We want American companies to create decent-paying jobs in America, not just low-wage countries like Vietnam, Malaysia or China. The TPP must be defeated.” WantCountryJobsAmericaCompanyClassMillionsMiddlePolicyCostLowsTradeSeriesWorkersChinaCorporateDecentMiddle ClassAgreementVietnamDeclineDefeatedWagesMalaysiaAmerican WorkersJobs In America Author:Bernie Sanders
“Our economy continues to struggle with slow economic growth, high unemployment and stagnant wages. "Obama care's" raising costs. That's making it harder for small businesses to hire. In short, it's a train wreck.” CareGrowthStruggleEconomyEconomicCostHarderTrainUnemploymentWagesSmall BusinessEconomic GrowthWrecksStagnantTrain WrecksObama Care Author:John Boehner
“In a growing number of states, you're actually expected to pay back the costs of your imprisonment. Paying back all these fees, fines, and costs may be a condition of your probation or parole. To make matters worse, if you're one of the lucky few who actually manages to get a job following release from prison, up to 100% of your wages can be garnished to pay back all those fees, fines and court costs. One hundred percent.” IfsMayMatterStatesJobsNumbersPayGrowingConditionsFineCostLuckyPercentHundredCourtPrisonFollowingExpectedManageReleaseWagesFeesImprisonmentParoleProbation Author:Michelle Alexander
“Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.” HandsJobsLossCompanyVisionHigherCostDemandBenefitsLowsIncreaseIncomeGoodsReceivingWagesPaymentPropensityGoods And ServicesLow IncomeAutomation Author:Philip Kotler
“What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.” WantJobsFormValuesCompanyEconomyCostFlowInvestmentProductivityRisingGoodsWagesStock Price Author:James Surowiecki