“Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.”

Economics (1993).

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes w…" by Joseph E. Stiglitz?
Joseph E. Stiglitz photo
Joseph E. Stiglitz 39
American economist and professor, born 1943. 1943

Related quotes

Barack Obama photo

“And because no one who works full-time in America should have to live in poverty, I am going to keep making the case that we need to raise the minimum wage because it's lower right now than it was when Ronald Reagan took office. It's time for the minimum wage to go up.”

Barack Obama (1961) 44th President of the United States of America

Remarks by the President on the Economy, Knox College, Galesburg, Illinois (24 July 2013) http://www.whitehouse.gov/the-press-office/2013/07/24/remarks-president-economy-knox-college-galesburg-il
2013

Chris Rock photo
Alexandria Ocasio-Cortez photo

“The thing that people don’t understand about restaurants is that they’re one of the most political environments. You’re shoulder-to-shoulder with immigrants. You’re at one of the nexuses of income inequality. Your hourly wage is even less than the minimum wage. You’re working for tips. You’re getting sexually harassed.”

Alexandria Ocasio-Cortez (1989) American politician

Source: https://www.rollingstone.com/politics/politics-features/alexandria-ocasio-cortez-congress-interview-797214/ Alexandria Ocasio-Cortez Wants the Country to Think Big, Rolling Stone

Harry Truman photo

“The Republicans believe in the minimum wage -- the more the minimum, the better.”

Harry Truman (1884–1972) American politician, 33rd president of the United States (in office from 1945 to 1953)

Harry Truman at Akron (11 October 1948), Good Old Harry
Context: The title of this book is Our New National Labor Policy, the Taft-Hartley Act and the Next Steps. Get that: "The Next Steps" … They're going even further! … The Republicans favor a minimum wage — the smaller the minimum the better.
Context: Your old friend Congressman Hartley of the Taft Hartley team … has written a book … The title of this book is Our New National Labor Policy, the Taft-Hartley Act and the Next Steps. Get that: "The Next Steps" … They're going even further! … The Republicans favor a minimum wage — the smaller the minimum the better.
Context: Republicans approve of the American farmer, but they are willing to help him go broke. They stand four-square for the American home--but not for housing. They are strong for labor--but they are stronger for restricting labor's rights. They favor minimum wage--the smaller the minimum wage the better. They endorse educational opportunity for all--but they won't spend money for teachers or for schools. They think modern medical care and hospitals are fine--for people who can afford them.... They think American standard of living is a fine thing--so long as it doesn't spread to all the people. And they admire the Government of the United States so much that they would like to buy it. − Harry S. Truman, October 13, 1948, St. Paul, Minnesota, Radio Broadcast.

Robert Owen photo
John E. Sununu photo

“I do not support raising the minimum wage, and the reason is as follows: When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.”

John E. Sununu (1964) American politician

A Minimum of Effort http://www.prospect.org/web/page.ww?section=root&name=ViewWeb&articleId=9310. The American Prospect. (March 10, 2005)

Ilana Mercer photo

“Canada is a high-wage area. The U. S. is a high-wage area. Latin America is a low-wage area. Migratory pressure flows from low-wage to high-wage regions; from the Third World to the First World (until migratory equilibrium is reached when First World becomes Third World).”

Ilana Mercer South African writer

"Trump’s Good for the English Language," http://www.wnd.com/2015/09/trumps-good-for-the-english-language/ WorldNetDaily.com, September 17, 2015.
2010s, 2015

Frederick Winslow Taylor photo
Warren Farrell photo

“People are treated for mental disorders, they go back to work and they earn wages again. We can see how their earnings go up. But how do they feel about themselves and the world? That has a value.”

David Blanchflower (1952) British economist

Reuters article 22 March 2006 http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2006-03-22T182115Z_01_L22484112_RTRUKOC_0_UK-BUDGET-BRITAIN-NICKELL.xml

Related topics