Progressive societies outgrow institutions as children outgrow clothes.
Henry GeorgeRead
Poorly paid labor is inefficient labor, the world over.
Interpretation
Low wages lead to lower productivity in the workforce.
Henry George highlights the relationship between fair compensation and labor efficiency. He suggests that when workers are paid poorly, their motivation and productivity diminish, which ultimately affects overall economic performance across the globe.
In practice
A speaker at a labor conference uses this quote to emphasize the importance of fair wages for economic growth.
Progressive societies outgrow institutions as children outgrow clothes.
The march of invention has clothed mankind with powers of which a century ago the boldest imagination could not have dreamt.
It is not the business of government to make men virtuous or religious, or to preserve the fool from the consequences of his own folly. Government should be repressive no further than is necessary to secure liberty by protecting the equal rights of each from aggression on the part of others, and the moment governmental prohibitions extend beyond this line they are in danger of defeating the very ends they are intended to serve.
The protection of the masses has in all times been the pretense of tyranny - the plea of monarchy, of aristocracy, of special privilege of every kind. The slave owners justified slavery as protecting the slaves.
So long as all the increased wealth which modern progress brings goes but to build up great fortunes, to increase luxury and make sharper the contrast between the House of Have and the House of Want, progress is not real and cannot be permanent.
Compare society to a boat. Her progress through the water will not depend upon the exertion of her crew, but upon the exertion devoted to propelling her. This will be lessened by any expenditure of force in fighting among themselves, or in pulling in different directions.
Prosperous farmers mean more employment, more prosperity for the workers and the business men of every industrial area in the whole country.
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
An economy hampered by restrictive tax rates will never produce enough jobs or enough profits
We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.
Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess
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