Robert Kuttner: Wage

Robert Kuttner is American journalist. Explore interesting quotes on wage.

Robert Kuttner: 46 quotes0 likes

“We are already well down the road toward a managed-trade regime. It would be far better to acknowledge that reality, and seek a set of reasonable rules, than to pretend that Ricardian trade is the norm and allow mercantilist states to overwhelm U. S. industry and ratchet down wages, in the name of free trade.”

Source: The Economic Illusion (1984), Chapter 3, Trade, p. 124

“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?”

Epilogue: Politics, p. 272
The Economic Illusion (1984)

“Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars.”

Source: The Economic Illusion (1984), Chapter 4, Labor, p. 169

“In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.”

Source: The Economic Illusion (1984), Chapter 3, Trade, p. 102