I am in favor of high wages and agree that the higher the…
“I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Higher wages signal a thriving economy when they stem from productive industry rather than inflation or regulation.
In simple terms: Good wages show real prosperity if they come from efficient industry.
Key Takeaway
Focus on industry productivity over price controls.
Themes
economics
prosperity
wage policy
industrial efficiency
inflation
regulation
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- business strategy
- government policy
- labor negotiations
- economic forecasting
Key Concepts
market dynamics
productivity
inflationary pressure
policy impact
Questions to Reflect On
- How can we distinguish wage growth from inflation?
- What policies ensure wages reflect productivity?
A Different Perspective
If wages rise due to inflation, they may mask underlying weakness.