Warren Buffett Quotes

The better his [a laborer’s] machinery, and the more readily it can be obtained, the larger will be his production....

In the last analysis, productivity of labour is the most important, the principal thing for the victory of the new social system.

In terms of productivity - that is, how much a worker produces in an hour - there's little difference between the U.S., France, and Germany. But since more people work in America, and since they work so many more hours, Americans create more wealth.

Nobody works harder than American workers. We are the hardest working people in the world.

The skills and productivity of American Workers, .... are the greatest economic resource our country has.

More efficient workers are always in an employer's best interest.

Man acquires wealth in proportion as he puts his labor to better account.

What seems extraordinary is that the richest countries in the world, in terms of economic output, are the ones where we work hardest. You would have thought that the end of all this innovation, technological advancement, and financial wizardry should be to create less work, not more of it.

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 people who can actually do things. We have too many bosses and too few workers.

The average American worker has fifty interruptions a day, of which seventy percent have nothing to do with work.

With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate of increase in product per worker; and, with average hours of work declining, it means still higher growth rates in product per man-hour.

Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.

The most important thing for workers to understand is that you have to make yourself indispensable. You must make money for your employer or make his life easier, preferably both. Also, you have to learn as much as you can about your chosen endeavor.

Whenever the work is itself light, it becomes necessary, in order to economize time, to increase the velocity.

Individual income can grow only as fast as productivity rises.

The idea that everyone should slavishly work so they do something inefficiently so they keep their job - that just doesn't make any sense to me. That can't be the right answer.

America's answer! : Production.

It can never be in the interest of society, in a purely economical aspect, to keep any class of its members in idleness. A man who should carry one of his arms in a sling, in order to secure greater efficiency and importance to the other, would be regarded as a lunatic.

I was once a doubter whether the labor of the cultivator, aided by the creative powers of the earth itself, would not produce more than that of the manufacturer alone, and unassisted by the dead subject on which he acted ... But the invention of the latter times, by labor saving machines, do as much now for the manufacturer as the earth does for the cultivator...

The problem with trying to measure productivity is that it measures only how well people can do the wrong jobs. Any job that can be measured for productivity probably should be eliminated from the list of jobs that people do.

You cannot bet against the American worker. Don’t bet against American ingenuity

There cannot be the slightest doubt that migration barriers diminish the productivity of human labor.

Once upon a time, the U. S. economy grew in tandem with the productivity of American workers, leading to the creation of jobs and wealth across society. During the [21st] century’s first decade, however, this relationship no longer applied. GDP grew and productivity climbed, while job creation slowed to a crawl, median incomes fell—and the rich get richer.

Our objective today is to get the greatest amount of work out of every individual.