“As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century […. ] Growth and productivity alone are capable of raising real wages in the long run.”

— Johan Norberg , book In Defense of Global Capitalism

In Defense of Global Capitalism

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author 1973

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“As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century […. ] Growth and productivity alone are capable of raising real wages in the long run.”

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