Arthur Lewis Quotes
The subsistence level is only a conventional idea, and conventions change.
Lewis, W. Arthur. "Economic Development with Unlimited Supplies of Labour." The Manchester School, vol. 22, no. 2, 1954, pp. 139-191.
Discussing NAFTA and free trade with Mexico where the minimum wage was only 69 cents:
Many of the very rich agreed with Lind on this point. So did many Americans with good jobs. However there were very few Americans who did not have good jobs who agreed with this point of view. In most industrialized countries ,most workers spend one-hired of their entire adult lives working. If we do not count sleeping time, it is more like half. It is hard to believe for most people that a person could have a good life when half of his/her waking hours are spend in a not very good situation. Many of Lind’s critics observed that this was the Classic Christian theological view until recent times that every person should accept his station and be happy in at as that is what God ordained.
Sir William Arthur Lewis was a Saint Lucian economist and the James Madison Professor of Political Economy at Princeton University. Lewis was known for his contributions in the field of economic development. In 1979 he was awarded the Nobel Memorial Prize in Economic Sciences.