Wage Inflation Quotes

living wage

I believe in $15 as a minimum wage.

Raising the minimum wage means raising the living wage - and that's good news for Ohio.

If people expect high inflation and raise wages to reflect the high inflation, then it becomes self-fulfilling.

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.

Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage.

The ongoing internationalization of the economy is confronting the labor movement

The pace of increases in labor compensation provides another possible indicator, albeit an imperfect one, of the degree of labor market slack.

While prices of goods continue to rise, American worker's wages remain stagnant.

A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.

When wage controls and other legal restrictions on Canadian workers of the government's only answer to that country's deepening economic problems, the labor movement's response has to be fundamentally political.

As the economy turns, one of the most significant impediments to economic growth is going to be labor availability.

One man's wage rise is another man's price increase.

The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years.

Inflation outstripped real wages for people who work for pay from others.

There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.

In 1980, the top 10 percent earned 2.7 times as much as the bottom 10 percent.; in 2013, the top 10 percent took home 3.7 times as much. This is because for decades, the median wage growth has lagged behind the average wage growth.

Inflation was driven by higher labor costs, not higher goods costs. Frankly, I'd love to see a little bit of that. Because I'd love to pay people more. I'd love to see rising wages for everybody.

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

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.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

President Obama has made a minimum wage increase a focal point of his economic agenda.

Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Standing athwart ineffective, feel-good legislation shouting, 'Stop!' is seen as a betrayal of those struggling to get their footing on the lowest rung of the economic ladder. Yet raising the minimum wage hacks the lowest rungs off the ladder altogether. But economic logic doesn't wash with liberals who are intent on inflaming class warfare.