Toni Morrison: Earnings Squander

Posted by admin on Tuesday, August 6, 2019

Toni Morrison Money Quote saying in the New Yorker of 2017 that money can be wasted and it can be used for real things where it is needed and can bring fulfillment to us. Toni Morrison said:
 

 

“Part of my pride in working for Her was earning money I could squander: on movies, candy, paddleballs, jacks, ice-cream cones. But a larger part of my pride was based on the fact that I gave half my wages to my mother, which meant that some of my earnings were used for real things — an insurance-policy payment or what was owed to the milkman or the iceman” — Toni Morrison

 
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Abraham Lincoln: Reasonable Wage

Posted by admin on Tuesday, January 1, 2019

Abraham Lincoln Money Quote saying in text from the Emancipation Proclamation on January 1, 1863 that all slaves were to be free and were encouraged to work for pay. Abraham Lincoln said:
 

“I hereby enjoin upon the people so declared to be free to abstain from all violence, unless in necessary self-defence; and I recommend to them that, in all cases when allowed, they labor faithfully for reasonable wages” — Abraham Lincoln

 
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Leon Trotsky: Understand Economic Process

Posted by admin on Friday, November 9, 2018

Leon Trotsky Money Quote saying words and labels for economic processes are meaningless and not understood by most – and certainly not within their power to change or direct. Leon Trotsky said:
 

 

“Such categories as ‘commodity’, ‘money’, ‘wages’, ‘capital’, ‘profit’, ‘tax’, and the like are only semi-mystical reflections in men’s heads of the various aspects of a process of economy which they do not understand and which is not under their control” — Leon Trotsky

 
Birthday November 7, 1879
 
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Barack Obama: Top of Economic Pyramid

Posted by admin on Monday, September 10, 2018

Barack Obama Money Quote saying the economic recovery has skewed the wealth even further toward the wealthy and those already at the top. Barack Obama said:

 

“As wages slowed and inequality accelerated, those at the top of the economic pyramid have been able to influence government to skew things even more in their direction” — Barack Obama

 
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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:
 

 

“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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Toni Fan: Data Economy Income

Posted by admin on Thursday, September 7, 2017

Toni Fan Money Quote saying our work online will be paid enough to fully replace what we do offline to earn a living. Toni Fan said:
 

 

“In the next stage of the data economy, online income from digital labor will replace wages earned offline, allowing us to make a living off the data we share” — Toni Fan

 
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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. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people
— Adam Smith

Adam Smith: Profit Like Compound Interest

Posted by admin on Thursday, April 20, 2017

Adam Smith Money Quote saying attempts to understand the effect of product costs with comparisons of interest types on both wages and profits. Adam Smith said:

In regards to the price of commodities, the rise of wages operates as simple interest does, the rise of profit operates like compound interest
— Adam Smith