There should be no unemployment. There is large percentage…
“There should be no unemployment. There is large percentage of labor now which cannot make a living because wages are not high enough. That is industry's 2nd job. 1st job is to make good product. 2nd pay a good wage.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
He argues that eliminating unemployment requires paying workers sufficient wages, which is a core responsibility of industry alongside product quality.
In simple terms: Unemployment can be reduced by paying fair wages, not just making good products.
Key Takeaway
Pay fair wages to reduce unemployment.
Themes
labor
economics
fairness
productivity
social responsibility
Mood
pragmatic
ethical
motivational
Type
economics
social policy
When to use this quote
- wage negotiations
- policy advocacy
- business strategy
- social impact
Key Concepts
living wage
employment policy
industrial ethics
Questions to Reflect On
- What wage level is sustainable?
- How do wages affect productivity?
A Different Perspective
Higher wages may increase costs for businesses.