Adam Smith: Pernicious Effects of Gain

Posted by admin on Friday, April 21, 2017

Adam Smith Money Quote saying retailers complain of the high cost of wages but never of profits. Adam Smith said:
 
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 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. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people” — Adam Smith

 

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