A just wage for the worker is the ultimate test of whether any economic system is functioning justly.
Interpretation
The fairness of an economic system is determined by how well it compensates its workers.
This quote emphasizes that the true measure of justice within any economic system lies in the wages and compensation it provides to its workers. If workers are paid fairly and justly for their labor, then it indicates that the economic system is functioning properly. Conversely, unjust wages suggest a failure in the system's integrity and moral foundation.
In practice
In a debate about economic policy, one might use this quote to highlight the importance of fair labor practices.
True freedom is not advanced in the permissive society, which confuses freedom with license to do anything whatever and which in the name of freedom proclaims a kind of general amorality. It is a caricature of freedom to claim that people are free to organize their lives with no reference to moral values, and to say that society does not have to ensure the protection and advancement of ethical values. Such an attitude is destructive of freedom and peace.
Like so many pilgrims before us, we kneel in wonder and adoration before the ineffable mystery which. was accomplished here... In This Child - the Son who is given to us - we find rest for our souls and the true bread that never fails - the Eucharistic Bread foreshadowed even in the name of this town: Bethlehem, the house of bread. God lies hidden in the Child; divinity lies hidden in the Bread of Life
And everything else will then turn out to be unimportant and inessential except this: father, child, and love. And then, looking at the simplest things, we will all say, Could we have not learned this long ago? Has this not always been embedded in everything that is?
Do not abandon yourselves to despair. We are the Easter people and hallelujah is our song.
Man matures through work which inspires him to difficult good.
United with the angels and saints of the heavenly Church, let us adore the most Holy Sacrament of the Eucharist. Prostrate, we adore this great mystery that contains God's new and definitive covenant with humankind in Christ.
We have designed a capitalist system wrong. We assume human beings are one-dimensional, all they do is make money, so we've created a money-centric world.
Poor people of all colors are getting poorer and our communities are getting more toxic. There is a misconception that to grow our economy we will have to do business as usual, because cleaning up the environment, mitigating climate change is just too costly. Well, I say the business of poverty is just too expensive a bill for humanity to pay any longer.
One of the most powerful insights in economics is this idea of a division of labor. You do the thing you're good at. Other people do something else that they're good at. The net effect is better for everybody.
Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.
If I care about poverty, I have to care a lot about investments in the private sector. The private sector creates the vast majority of jobs in the world, and social protection only goes so far.
The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.
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