“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."”

— Mark Ames

Part III: Ragenomics, page 87.
Going Postal: Rage, Murder, and Rebellion, From Reagan's Workplaces to Clinton's Columbine and Beyond (2005)

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Mark Ames 29

American writer and journalist 1965

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“Over short periods, the relation between growth in money and growth in nominal income is often hard to see, partly because the relation is less close for short than for long periods, but mostly because it takes time for changes in monetary growth to affect income. And how long a time is itself variable. Today's income growth is not closely related to today's monetary growth; it depends on what has been happening to money in the past. What happens to money today affects what is going to happen to income in the future”

Milton Friedman (1912–2006) American economist, statistician, and writer

Source: Money Mischief (1992), Ch. 2 The Mystery of Money

“I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.”

John Howard (1939) 25th Prime Minister of Australia

Interview with Four Corners, ABC TV, 19 February 1996.

“For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of growth of nominal income. If the quantity of money grows rapidly, so will nominal income, and conversely. The relation is much closer for long than for short periods”

Milton Friedman (1912–2006) American economist, statistician, and writer

Source: Money Mischief (1992), Ch. 2 The Mystery of Money

“By lowering their expenditure on food, we would be awarding every family with an increase in disposable income, and mitigate labor demands for wage increases.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

“What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion.”

Charles A. Reich (1928–2019) American lawyer

The Liberals' Mistake (1987)
Context: What we need is a concept of "gross national cost." Life is a balance sheet, not simply economic growth. It is income and outgo. And until we know what the cost of growth is we will continue to operate under an illusion. As long as we consider only the growth of goods and ignore the growth of personal and community well-being, we will be impoverished by growth. That is what is happening in our society today.

“The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?”

Simon Kuznets (1901–1985) economist

Source: "Economic growth and income inequality," 1955, p. 1

“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 (1913–1993) British soldier, politician and academic

In The Spectator (25 September, 1982).

“What we have seen is that while the average person is working longer hours for lower wages, we have seen a huge increase in income and wealth inequality, which is now reaching obscene levels. This is a rigged economy, which works for the rich and the powerful, and is not working for ordinary Americans … You know, this country just does not belong to a handful of billionaires.”

Bernie Sanders (1941) American politician, senator for Vermont

[Staff, Bernie Sanders confirms presidential run and damns America's inequities, http://www.theguardian.com/us-news/2015/apr/30/bernie-sanders-confirms-presidential-run-and-damns-americas-inequities, 29 April 2015, the Guardian, 2 May 2015]
2010s, 2015

“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 (1943) American journalist

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

“Paycheck discrimination is not the only obstacle preventing women from having the same economic opportunities as men. As our country continues to focus on our economic recovery, leveling the financial playing field for women must be a priority. According to recent predictions, within a generation, more families will be supported by women than men. If these primary breadwinners earn lower incomes, it won't just affect their families, but also consumer spending and our larger financial growth.”

Sandra Fluke (1981) American women's rights activist and lawyer

CNN, (April 17, 2012).
Articles

“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."”

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