Sheryl WuDunn: Women & Small Businesses

Posted by admin on Saturday, November 26, 2016

Sheryl WuDunn Money Quote saying women spend on creating small business rather than wasting it on entertainment and so-called fun activities. Sheryl WuDunn said:
 

 

“When women gain control over spending, less family money is devoted to instant gratification and more for education and starting small businesses” — Sheryl WuDunn

 

 

In this quote, Sheryl WuDunn seems to be suggesting that when women have more influence and decision-making power over household finances, it can lead to spending choices that benefit the family’s long-term welfare and economic security. Some key points:

• WuDunn notes that with women in control of spending, less money goes towards “instant gratification” or short-term consumption and indulgence.
• Instead, a greater portion of funds are directed towards “education” and “starting small businesses” – investments that generate returns over the long-run through skills, knowledge and entrepreneurship.
• She appears to be arguing that female financial decision-makers take a more patient, strategic approach focused on building assets and opportunities for the future rather than solely immediate pleasures.

Overall, the quote conveys WuDunn’s view that empowering women’s voices in family budgeting and spending can positively impact spending priorities in a way that strengthens long-term family prosperity and economic empowerment.

Robert Reich: Customers Create Jobs

Posted by admin on Monday, November 3, 2014

Former Secretary of Labor Robert Reich Money Quotation saying that the lie of trickle-down theory was effective until we learned it didn’t work. Robert Reich said:
 

 

“Corporations don’t create jobs, customers do. So when all the economic gains go to the top, as they’re doing now, the vast majority of Americans don’t have enough purchasing power to buy the things corporations want to sell — which means businesses stop creating enough jobs” — Robert Reich

 

 

In this quote, Robert Reich is arguing that businesses do not create jobs primarily due to their own initiative or generosity, but rather because there is sufficient customer demand for their products and services.

He asserts that when economic gains are disproportionately concentrated at the top of income distribution, as has been occurring, most Americans do not have adequate purchasing power to buy what corporations are selling.

Reich implies this lack of purchasing power from average consumers then leads businesses to scale back on job creation since the market for their goods and services is diminished.

Overall, he is contending that inequality is problematic not just as a social or moral issue, but also from an economic perspective since it can undermine job growth if the wealthiest citizens become the sole economic engine driving corporate revenues and employment.