relationship-foundation-argument-trade-unionists-labour-advocates-high-wages

This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.

Jim Stanford
0/5 (0)

Jim Stanford's Popular Quotes

We know that investment causes growth. But it is also true that growth causes investment.

- Jim Stanford

The problem is not scarcity; the problem is power.

- Jim Stanford

Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobbl…

- Jim Stanford

The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. …

- Jim Stanford

If you want poor people to work you restore their incentive by giving them less, such as by cutting social services. If you want rich people to work …

- Jim Stanford

Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, educati…

- Jim Stanford

Economics is a social science, not a physical science.

- Jim Stanford

The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of t…

- Jim Stanford

Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.

- Jim Stanford
0 Comments

Login to join the discussion