Posts Tagged ‘wage’
Next Page »Chris Hedges: With Common Good
on Tuesday, January 24, 2023Meaning of Chris Hedges Money Quote: saying Corporate goals are purely focused on gain and plunder at expense of people. Chris Hedges said:
“We have to grasp, as Marx and Adam Smith did, that corporations are not concerned with the common good. They exploit, pollute, impoverish, repress, kill, and lie to make money. They throw poor people out of homes, let the uninsured die, wage useless wars for profit, poison and pollute the ecosystem, slash social assistance programs, gut public education, trash the global economy, plunder the U.S. Treasury and crush all popular movements that seek justice for working men and women. They worship money and power” — Chris Hedges
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Chris Hedges is criticizing corporations for prioritizing profits over people and the common good. He argues that corporations will exploit any means necessary – such as exploiting workers, polluting the environment, impoverishing communities, repressing dissent, killing through wars or denying healthcare, and lying – in order to make money.
According to Hedges, corporations have no qualms about throwing people out of their homes, letting the uninsured die, waging wars for profit, poisoning the planet, slashing social services, damaging public education, crashing economies, plundering government funds, and crushing movements for workers’ rights.
He says they worship and are driven solely by money and power, without concern for ethics, people or society. In Hedges’ view, corporations are solely focused on accumulating wealth for themselves through any means, rather than serving the common good.
Mitt Romney: Wage Inflation
on Thursday, December 1, 2022Meaning of Mitt Romney Money Quote: saying the minimum wage should see cost of living increases that match rates of inflation. Mitt Romney said:
“I think the minimum wage ought to keep pace with inflation” — Mitt Romney
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In this quote, Mitt Romney expresses the view that the minimum wage should be adjusted periodically to account for inflation.
By saying it should “keep pace with inflation”, Romney appears to believe the minimum wage is intended to provide a basic living standard for low-income workers, and that standard erodes over time if the wage rate remains static while prices are rising.
The implication is that minimum wage should be indexed to inflation to prevent its buying power from gradually weakening.
Overall, this quote suggests Romney supports the minimum wage increasing automatically to maintain its real value and ensure full-time minimum wage workers can still afford basic necessities even as overall costs of living climb with inflation.
Harold Wilson: Wage Price Increase
on Wednesday, June 29, 2022Harold Wilson Money Quote saying that when businesses costs increase, someone will pay for that cost. Harold Wilson said:
“One man’s wage increase is another man’s price increase” — Harold Wilson
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In this quote, former British Prime Minister Harold Wilson is highlighting how wage increases for workers can contribute to rising prices for consumers. His point is that when labor costs go up due to higher wages, companies often pass those increased costs on to customers in the form of higher prices.
So while a wage hike may help workers afford more, it can also feed into inflation and the rising cost of living. Wilson’s message conveys the complex relationship between wages, prices and economic growth – what benefits earners may burden spenders, showing how these macroeconomic factors are interlinked.
Birthday: March 11, 1916 – Death: May 24, 1995
Martin L. Gross: Tax Laws Written
on Thursday, September 30, 2021Martin L. Gross Money Quote saying the tax code was created by the wealthy, who don’t get what the working men and women need to survive. Martin L. Gross said:
“The tax laws are written by men with considerable net worth, and with little understanding of what wage-earners must do to make ends meet” — Martin L. Gross
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Martin L. Gross is criticizing the tax laws by pointing out that they are largely written by people who are already wealthy and have substantial assets (“considerable net worth”). According to Gross, these wealthy lawmakers do not truly understand the financial struggles and challenges faced by ordinary wage-earners who are living paycheck to paycheck and must carefully budget just to pay their basic living expenses.
Gross implies that if average working people had more of a role in creating tax policy, the laws might be more sympathetic to the realities of what it takes to make a living solely on one’s wages. He seems to believe the tax system favors the rich because it is designed primarily by those who are out of touch with the difficulties of getting by on a typical salary.
Scott Santens: Wage Slavery Force
on Sunday, March 28, 2021Scott Santens Money Quote saying we thought we had gotten rid of slavery as an institution, but we simply evolved it to become wage slavery. Scott Santens said:
“We didn’t abolish slavery as an institution. We simply went from one form of slavery (chattel slavery), to another form of slavery (wage slavery). Instead of forcing people to work for nothing, we instead let people work for money needed to live, without which they risk death for not obtaining” — Scott Santens
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Scott Santens is drawing a comparison between chattel slavery and wage labor. He argues that while chattel slavery as an institution was abolished, it was replaced by another form of “slavery” – wage slavery.
Just as chattel slaves were forced to work to avoid death, wage workers must work for money in order to afford basic necessities of life like food and shelter. Without a wage, one risks death from lack of resources.
So while wage workers are not literally owned as property, Santens views wage labor as a type of economic coercion or dependency that functions similarly to slavery. He believes workers have little meaningful choice or freedom outside of participating in the wage system.
Overall, Santens is making the point that abolishing one form of slavery did not eliminate all forms of compelled labor and dependency within the economic system.
Nick Hanauer: Minimum Pay Raise
on Monday, March 1, 2021Nick Hanauer Money Quote saying the amount earned is directly proportional to the amount spent for minimum wage workers – when. there is enough to cover necessities, it is all spent. Nick Hanauer said:
“The person earning the federal minimum wage of $7.25 isn’t going out to eat at restaurants. They’re not taking piano lessons. They’re not going to the gym or the yoga studio. They’re not sending mom flowers on Mother’s day. What good is this person in the economy? If you raise it to $15 an hour, they’re doing all of those things” — Nick Hanauer
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In this quote, Nick Hanauer argues that raising the minimum wage from $7.25 to $15 per hour would significantly benefit the overall economy. He suggests that at the current low minimum wage, people can only afford basic necessities and have no extra money left over to participate in other sectors of the economy through discretionary spending.
However, if the minimum wage was higher, these same individuals would now have more purchasing power to frequent restaurants, take classes, join gyms, and purchase goods and services from other businesses.
Hanauer implies that a higher minimum wage would create a cycle of greater consumer demand and spending that spurs broader economic activity, rather than the current situation where low-wage workers primarily spend all their earnings on just survival needs.
Germaine Greer: Housewife Pay
on Sunday, November 3, 2019Germaine Greer Money Quote saying there is no job security as a housewife and it can mean a woman can lose the unpaid role without severance pay. Germaine Greer said:
“The housewife is an unpaid worker in her husband’s house in return for the security of being a permanent employee: hers is the reductio ad absurdum of the employee who accepts a lower wage in return for permanence of his employment. But the lowest paid employees can be and are laid off, and so are wives. They have no savings, no skills which they can bargain with elsewhere, and they must bear the stigma of having been sacked” — Germaine Greer
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Germaine Greer is criticizing the traditional role of housewives and comparing their situation to low-paid employees. She argues that housewives work unpaid as laborers in their husband’s home in exchange for the supposed “security” of being a permanent member of the household.
However, Greer says this makes housewives similar to employees who accept lower wages in return for ongoing employment, even though employees can still be laid off. Likewise, wives can find themselves divorced or abandoned by their husbands.
According to Greer, housewives end up in a vulnerable position since they have no independent savings, marketable skills, or way to support themselves if they lose their “job” as a housewife. She asserts that housewives take on risks similar to low-wage workers but without any of the protections or means of support that typical employees have.
Jennifer Newsom: Close Wage Gap
on Tuesday, April 2, 2019Jennifer Siebel Newsom Money Quote saying there are dramatic financial consequences to the gap between men and women doing the same work. Jennifer Siebel Newsom said:
“In California alone, women lose 78.6 billion dollars to the wage gap. It’s time to end this injustice. It’s time to close the gap” — Jennifer Siebel Newsom
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Jennifer Siebel Newsom is highlighting the wage gap between men and women in California. She notes that in California alone, women collectively lose $78.6 billion each year due to earning less money than men for similar work.
By pointing out this large financial loss, she aims to draw attention to the ongoing injustice of gender-based pay inequality.
Her call to “end this injustice” and “close the gap” indicates she believes it is important for society and policymakers to take action to achieve fair and equal pay for both women and men in the workplace.
In California alone, women lose 78.6 billion dollars to the wage gap. It’s time to end this injustice. It’s time to close the gap.
That’s why today, I was so proud to launch #EqualPayCA in partnership with @TIMESUPNOW and @CCSWG.
Join us: https://t.co/XTgjXRJPJ4 pic.twitter.com/IpOqCfgKcP
— Jennifer Siebel Newsom (@JenSiebelNewsom) April 1, 2019