Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.
Thomas SowellRead
Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.
Interpretation
What this quote means
New businesses often experience high failure rates, and profits are not guaranteed after spending money on expenses.
This quote by Thomas Sowell highlights the financial realities of starting and running a new business. It emphasizes that initial expenditures are typically necessary for business operations, but there is no certainty that the money will return as profit, illustrating the risks involved in entrepreneurship and the harsh truth that many new ventures do not succeed.
Themes
BusinessEntrepreneurshipProfitsFailureExpenses
In practice
Example use cases
This quote can be used during a business seminar to highlight the financial risks of startups.
More from Thomas Sowell
All quotes →Blacks were not enslaved because they were black but because they were available. Slavery has existed in the world for thousands of years. Whites enslaved other whites in Europe for centuries before the first black was brought to the Western hemisphere. Asians enslaved Europeans. Asians enslaved other Asians. Africans enslaved other Africans, and indeed even today in North Africa, blacks continue to enslave blacks.
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One of the reasons for conspiracy theories is an assumption that people in high places always know what they are doing. When they do something that makes no sense, devious reasons are imagined by conspiracy theorists, when in fact it may be due to plain old ignorance and incompetence.
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You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.
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The real problem, both in discussions of mass shootings and in discussions of gun control, is that too many people are too committed to a vision to allow mere facts to interfere with their beliefs, and the sense of superiority that those beliefs give them.
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Why is history important? Without history, many people have no idea how many of today's half-baked ideas have been tried, again and again - and have repeatedly led to disaster. Most of these ideas are not new. They are just being recycled with re-treaded rhetoric.
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