Like all other contracts, wages should be left to the fair…
“Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Wages are best determined by market forces without government interference.
In simple terms: Let the market set wages freely.
Key Takeaway
Allow competition to decide pay.
Themes
economics
labor
government
market
policy
Mood
critical
analytical
Type
economic
political
When to use this quote
- employment negotiations
- policy debates
- business planning
- salary setting
Key Concepts
free market
price mechanism
labor value
Questions to Reflect On
- Is unregulated competition fair to all workers?
- How can market failures be addressed?
A Different Perspective
Government control may ignore worker protections.