Adam Smith: High Wages, High Profits

Posted by admin on Tuesday, January 2, 2018

Adam Smith Money Quote saying business owners fully blame wages for increasing the cost of goods, but rarely believe profits have any deleterious effect. Adam Smith said:
Merchants complain of high wages raising price of goods, say nothing of high profits Quote

“Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits” — Adam Smith


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