As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
Robert ReichRead
What someone is paid has little or no relationship to what their work is worth to society.
Interpretation
Wages do not reflect the true value of work to society.
This quote by Robert Reich highlights the disparity between monetary compensation and the actual societal worth of various types of work. It suggests that many essential jobs, such as those in education, health care, and social services, may be undervalued in terms of pay despite their significant contributions to community well-being.
In practice
In a discussion about wage disparities in the workforce, you might use this quote to illustrate your point.
As we segregate by income into different communities, schools in lower-income areas have fewer resources than ever.
What are called 'public schools' in many of America's wealthy communities aren't really 'public' at all. In effect, they're private schools, whose tuition is hidden away in the purchase price of upscale homes there, and in the corresponding property taxes.
Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.
The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.
You can't inspire people if you are going to be uninspiring.
Media outlets that are exploiting Ebola because they want a sensational story and politicians using it to their own ends ought to be ashamed.
It is an extreme perversion of capitalism if you can trade in something before you have even paid for it.
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.
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