Posts Tagged ‘prices’

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Catharine Beecher: Working Women

Posted by admin on Tuesday, August 6, 2019

Catharine Beecher Money Quote saying women are taken advantage of by business owners when they pay little and profit greatly from the work. Catharine Beecher said:
 
Work of all kinds is got from poor women, at prices that will not keep soul and body together, and then the articles thus made are sold for prices that give monstrous prices to the capitalist, who thus grows rich on the hard labor of our sex Quote
 

“Work of all kinds is got from poor women, at prices that will not keep soul and body together, and then the articles thus made are sold for prices that give monstrous prices to the capitalist, who thus grows rich on the hard labor of our sex” — Catharine Beecher

 

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In this quote, Catharine Beecher is criticizing how poor women are exploited for their labor. She notes that poor women are paid extremely low “prices” or wages for various types of “work” or jobs that are barely enough to sustain themselves (“will not keep soul and body together”). Meanwhile, the products and articles made from this poorly compensated female labor are sold at much higher “prices” by “capitalists” or business owners.

These capitalists then make “monstrous profits” off the labor of women while the women themselves remain impoverished despite working hard. Overall, Beecher is highlighting the economic injustice and gender inequality of a system that allows businessmen to enrich themselves greatly through underpaying women for their difficult work.

Janet Yellen on Housing Wealth Lost

Posted by admin on Sunday, October 19, 2014

Janet Yellen Money Quotation saying real estate prices for homes have not recovered fully, a loss in American assets for the middle class. Janet Yellen said:
 
Janet Yellen increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset quote
 

“Widening inequality resumed in the recovery, as the stock market rebounded, wage growth and the healing of the labor market have been slow, and the increase in home prices has not fully restored the housing wealth lost by the large majority of households for which it is their primary asset” — Janet Yellen

 

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In this quote, Janet Yellen is describing some of the economic inequalities that emerged during the economic recovery following the financial crisis and recession. She notes that as the stock market rebounded, wage growth and improvements in the labor market were slow.

Most households also did not fully regain the housing wealth they had lost, as home price increases did not make up all the value lost. So while some measures of the economy like stock prices improved, the recovery did not equally benefit many workers and households.

Yellen seems to be pointing out that these uneven effects of the recovery contributed to a “widening inequality” where the benefits were not shared proportionally across socioeconomic classes. She is highlighting growing economic disparities as part of the aftermath of the crisis and recession.

Benjamin Harrison: Cheap Goods

Posted by admin on Friday, January 18, 2013

Benjamin Harrison Money Quotation saying we want low prices above all and we’ll choose low prices over high value to workers, jobs and our country. Benjamin Harrison said:
 
I pity that man who wants a coat so cheap that the man or woman who produces the cloth shall starve in the process Quote
 

“I pity that man who wants a coat so cheap that the man or woman who produces the cloth shall starve in the process” — Benjamin Harrison

 

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