“[Attlee] reminded the delegates that it was vital to reduce costs by greater efficiency, which meant that both employers and employed had to seek in every way to attain it. He did not believe in lowering wages as a means of reducing costs, but equally it was necessary to realize that increases of wages that were not matched by increases of production would gravely impair their chances of getting rapidly over their difficulties. Increased demands for money payments, when there was no increase of goods to meet them led straight away to inflation. There was a danger that when a justifiable advance in wages for an under-paid section of the workers had been granted it resulted in demands from those who had enjoyed higher wages to maintain the same differential. This was bad economics and bad social morality. He had been disturbed at the evidence that some people were abusing the social services in such matters as sickness benefit. They could not have them sabotaged by misuse.”

— Clement Attlee

Speech to the Trades Union Congress at Bridlington (7 September 1949), quoted 'Chronology, 18 August 1949 - 7 September 1949', Chronology of International Events and Documents, Vol. 5, No. 17 (18 August-7 September 1949), p. 583
1940s

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Clement Attlee 95

Former Prime Minister of the United Kingdom 1883–1967

Ted C. Lewellen (1940–2006) American writer

Political Anthropology: An Introduction (2003), p. 213

“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

“Two forces are emerging that will moot global warming. First, the end of the population explosion will, over the decades, reduce the increases in demand for just about everything. Second, the increase in the cost of both finding and using hydrocarbons will increase the hunger for alternatives.”

George Friedman (1949) American businessman and political scientist

Source: The Next 100 Years: A Forecast for the 21st Century (2009), p. 252

“Labor is like any other commodity in the market — increase the demand for it and you increase the price of it. Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.”

Abraham Lincoln (1809–1865) 16th President of the United States

Source: 1860s, Second State of the Union address (1862)

“This would, at a stroke, reduce the rise in prices, increase production and reduce unemployment.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Statement (16 June 1970), quoted in The Times (17 June 1970), p. 4. This would be quoted back at Heath repeatedly during his premiership.
Leader of the Opposition

“Like it or not, giant, vertically integrated corporate enterprises were the most efficient means of organizing the production and distribution of mass produced goods and services. Bringing together supply chains, production processes, and distribution channels in vertically integrated companies under centralized management dramatically reduced transaction costs, increased efficiencies and productivity, lowered the marginal cost of production and distribution, and, for the most part, lowered the price of goods and services to consumers, allowing the economy to flourish. While those at the top of the corporate pyramid disproportionately benefited from the increasing returns on investment, it’s only fair to acknowledge that the lives of millions of consumers also improved appreciably in industrialized nations.”

Jeremy Rifkin (1945) American economist

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

“Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.”

Abraham Lincoln (1809–1865) 16th President of the United States

Source: 1860s, Second State of the Union address (1862)
Context: Labor is like any other commodity in the market — increase the demand for it and you increase the price of it. Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.

“Conditions have greatly changed in Great Britain since the end of the war owing to the existence of full employment. Negotiations about wages between the two sides of industry now take place in entirely different circumstances. There is no reserve of labour to compete for jobs. … If wages rise faster than productivity the increases in cost can usually be passed on in increased selling prices. There is thus in the economic system very much less check on the upward movement of money wages. …if wages at home rise unchecked, it is more likely in general that exports will gradually cease to be competitive and there will be balance of payments difficulties. These can be met, in the end, by devaluation. A succession of devaluations completely undermines confidence in any currency. … It is clear that a very difficult problem faces a country such as ours, which wishes to maintain full employment and yet to avoid the undoubted evils of rising prices and balance of payments difficulties abroad.”

Hugh Gaitskell (1906–1963) British politician

Memorandum, 'Wages and Prices and Full Employment' (1 December 1950), quoted in Correlli Barnett, The Lost Victory: British Dreams, British Realities: 1945–1950 (London: Pan, 1996), pp. 350–352
Chancellor of the Exchequer

“The leaders of the large firms dominated by the manufacturing conception saw the key problem as low prices. This meant that they were intent on controlling prices by cutting production. But once prices were stabilized, they were cautious about increasing production for fear that prices would again collapse. Since their competitors had roughly equal production capacities and costs, all would lose by too rapid an increase in production.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 117

“Society thrives on trade simply because trade makes specialization possible, and specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is a most humane institution.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Rise & Fall of Society (1959), p. 56

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