Fabrizio Moreira Quotes

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.

I do not support raising the minimum wage, and the reason is as follows: When the minimum wage is raised, workers are priced out of the market.

As a retailer, we want everyone out there to earn more money, but then if you're running a business, and we can't make money because the wages are too high, that's a problem.

There is no way of keeping profits up but by keeping wages down.

If the opponents of an increase in the minimum wage were correct, then every time you fly to Seattle, you've got to bring a bagged lunch because there shouldn't be any restaurants because they should have all have gone out of business as a result of raising the minimum wage.

I have serious concerns with the discussion around minimum wage because it drives up costs, and it could harm jobs.

I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.

Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.

We need to get out of the way of the small business owner - and big business owners - and allow them to do what government can only dream of doing: creating jobs and thereby creating wealth.

There can be no rise in the value of labour without a fall of profits.

The minimum wage was due for an increase, but it was important that we offset its cost to small businesses.

I think for any small business that's bootstrapped, the overwhelming challenge initially is getting to positive cash flow.

My dad started his business, No Limit, for himself.

Tax cuts continue to benefit families, seniors, and small business owners, as evidenced by unparalleled economic growth in Nevada and across the country.

I always knew I wanted to run a business someday.

All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.

On balance, I am a supporter of the minimum wage going up. We've got to be very careful what we wish for because some employers - and there could be a lot of them - will be scared away from hiring new people or creating incremental hours for part-time people as a result of that wage going up.

My wife and I decided to try and kick start our kitchens to a $15 minimum wage for cooks. I've probably had to go through and raise every menu price now by 50 cents because it took away my profit. I just underestimated what it was going to cost.

I know people like myself where we've got resorts, or we're in the hospitality business, and we just can't make money because you're paying someone minimum $42 per hour or something on a Sunday.

Nobody forces you to work at Wal-Mart. Start your own business! Sell something to Wal-Mart!

You can fire your workers, close your factories, export your jobs overseas, and get a tax deduction for doing it.

There are some who incline to favor a “minimum wage,” but who “kick at” a “maximum price.” Such surely forget that the capitalist could here just as easily as in the case of a rise in wages compelled by a workmen’s combination, or by any other cause, take his old profits out at the other end by raising the price of the manufactured article.

An industrialist's answer [to inflation] is to charge more for his product to the public, never to cut his own profits. Labor's answer is even more natural. Since the worker would have to change his entire mode of life, labor asks for higher wages to cover the higher expenses.

People against the minimum wage say that many workers will lose their jobs. I haven’t ever met a minimum wage worker who didn’t say “Go for it!”

The data on worker displacement after NAFTA reads like a funeral program for the middle class.