Otto von Bismarck Quotes


industries which had lost 14 per cent of their labor power through the Sunday rest would perhaps be incapable of carrying on, so that finally the workers would lose their livelihood.


Context

This argument and variations have been and are used to oppose virtually all increases in minimum wage scales, safety requirements, overtime requirements, and other labor reforms.


Citations

Prince Otto von Bismarck-Schoenhausen, 1815-1898, German Chancellor, Memoirs

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

This is the classic conservative argument against raising the minimum wage. Historically, if the minimum wage was raised well after there has been a period of wage inflation, there has been little or no negative effect on the lowest paid workers. However, when the minimum wage has been raised during a period of wage stability, there is an effect of making some workers simply not worth the rate that they must be paid. However, even then, after a year or two, the negative effect begins to dissipate.


No Photo Available
  • Born: April 1, 1815
  • Died: July 30, 1898
  • Nationality: German
  • Profession: Chancellor, Statesman, Diplomat

Otto, Prince of Bismarck, Count of Bismarck-Schönhausen, Duke of Lauenburg[a] (born Otto Eduard Leopold von Bismarck; 1 April 1815 – 30 July 1898) was a conservative German statesman who masterminded the unification of Germany in 1871 and served as its first chancellor until 1890, in which capacity he dominated European affairs for two decades. He had previously been Minister President of Prussia (1862–1890) and Chancellor of the North German Confederation (1867–1871). He provoked three short, decisive wars, against Denmark, Austria, and France. Following the victory against Austria, he abolished the supranational German Confederation and instead formed the North German Confederation as the first German national state, aligning the smaller North German states behind Prussia, and excluding Austria. Receiving the support of the independent South German states in the Confederation's defeat of France, he formed the German Empire – which also excluded Austria – and united Germany.