The creation of new capital always... releases... labor…
“The creation of new capital always... releases... labor. Its actual effect [though] is not to make jobs scarce, but to free men's labor for other jobs.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
New capital frees labor for other productive uses, not necessarily reducing jobs.
In simple terms: Capital frees labor.
Invest wisely.
Themes
Mood
Type
When to use this quote
- business expansion
- policy making
- career change
Key Concepts
Questions to Reflect On
- How does capital affect inequality?
- What jobs emerge from new tech?
Capital may concentrate wealth.