I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.
--
Interview with Four Corners, ABC TV, 19 February 1996.John Howard
Now the employer is to be told that if the unions force him to pay exorbitant wages or go out of business if he tries to continue, he will be taxed. The unions will escape any punishment. The employer will not be allowed to increase employment by paying lower wages nor to attract good labour by paying higher wages. We shall have another huge department to supervise the whole operation...an incomes policy is minted in the thinking of 1945.
Jo Grimond
Why, then, should we have to lower our living standards? What is the mysterious source of the economic loss? If productivity is increasing, why should we sacrifice services and wages?
Robert Kuttner
As the Economic Policy Institute reported, "What income growth there was over the 1979-1989 period was driven primarily by more work at lower wages". (Page 87)
Mark Ames
But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.
David Ricardo
The wages Haiti requires by law belong in the department of science fiction: actual wages on coffee plantations vary from $.07 to $.15 a day
Eduardo Galeano
Howard, John
Howard, Michael
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