--- title: "17 Labor Market Quotes by 14 authors" description: "Browse 17 Labor Market quotes by 14 authors. Discover the best Labor Market sayings and thoughts." image: "https://sms4smile.com/quotes/i/62b/ludwig-von-mises-364_employment_there-prevails-on-a-free-labor-market-a_2394431.png" --- > [There prevails on a free labor market a tendency toward full employment.](https://sms4smile.com/quotes/ludwig-von-mises/there-prevails-on-a-free-labor-market-a-tendency-toward-full/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Image](https://sms4smile.com/quotes/i/62b/ludwig-von-mises-364_employment_there-prevails-on-a-free-labor-market-a_2394431.png) > [In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.](https://sms4smile.com/quotes/edward-c-prescott/in-the-great-depression-employment-and-investment-were-low-because/) [Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/) [Image](https://sms4smile.com/quotes/i/3a9/edward-c-prescott-23640_great_in-the-great-depression-employment-and-i_1324632.png) > [The pace of increases in labor compensation provides another possible indicator, albeit an imperfect one, of the degree of labor market slack.](https://sms4smile.com/quotes/janet-yellen/the-pace-of-increases-in-labor-compensation-provides-another-possible/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Image](https://sms4smile.com/quotes/i/d2a/janet-yellen-2828_another_the-pace-of-increases-in-labor-compensat_311884.png) > [Until we have a legitimate labor market between Mexico and the United States, people will attempt to come here to work.](https://sms4smile.com/quotes/alan-bersin/until-we-have-a-legitimate-labor-market-between-mexico-and-the-united/) [Alan Bersin](https://sms4smile.com/quotes/author/alan-bersin/) [Image](https://sms4smile.com/quotes/i/af0/alan-bersin-17353_investing_until-we-have-a-legitimate-labor-market_1302602.png) > [“the message the labor market is clearly sending is that it’s much easier to create value with highly educated workers.”](https://sms4smile.com/quotes/erik-brynjolfsson/the-message-the-labor-market-is-clearly-sending-is-that-it-s-much/) [Erik Brynjolfsson](https://sms4smile.com/quotes/author/erik-brynjolfsson/) [Image](https://sms4smile.com/quotes/i/cb9/erik-brynjolfsson-9007_investing_the-message-the-labor-market-is-clearly_776424.jpg) > [A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been…](https://sms4smile.com/quotes/william-julius-wilson/a-lot-of-joblessness-in-the-black-community-doesn-t-seem-to-be-2/) [William Julius Wilson](https://sms4smile.com/quotes/author/william-julius-wilson/) [Image](https://sms4smile.com/quotes/i/c55/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1488156.png) > [American workers have faced serious difficulties in the labor market since the first oil shock in 1973. Since that time, the pace…](https://sms4smile.com/quotes/janet-yellen/american-workers-have-faced-serious-difficulties-in-the-labor-market/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Image](https://sms4smile.com/quotes/i/208/janet-yellen-2828_american_american-workers-have-faced-serious-diff_423600.jpg) > [“One way is to do some research and find out how long the job has been posted. In a good labor market,…](https://sms4smile.com/quotes/bill-burnett/one-way-is-to-do-some-research-and-find-out-how-long-the-job-has-been/) [Bill Burnett](https://sms4smile.com/quotes/author/bill-burnett/) [Image](https://sms4smile.com/quotes/i/25d/bill-burnett-15078_investing_one-way-is-to-do-some-research-and-find_1015202.jpg) > [In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of…](https://sms4smile.com/quotes/ben-bernanke/in-any-given-month-a-large-number-of-workers-are-being-hired-or-are/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Image](https://sms4smile.com/quotes/i/8c0/ben-bernanke-1388_current_in-any-given-month-a-large-number-of-wor_999218.png) > [Schools are competing for talent, not just with the district down the road, but with other sectors as well, many of which…](https://sms4smile.com/quotes/miguel-cardona/schools-are-competing-for-talent-not-just-with-the-district-down-the/) [Miguel Cardona](https://sms4smile.com/quotes/author/miguel-cardona/) [Image](https://sms4smile.com/quotes/i/274/miguel-cardona-5641_competing_schools-are-competing-for-talent-not-jus_2740732.jpg) > [ “The problem, he said, wasn’t going to solve itself: “\[T\]oo many people are coming into the labor market and too many machines… ](https://sms4smile.com/quotes/martin-ford/the-problem-he-said-wasn-t-going-to-solve-itself-t-oo-many-people-are/) [Martin Ford](https://sms4smile.com/quotes/author/martin-ford/) [Image](https://sms4smile.com/quotes/i/8a7/martin-ford-70657_computers_the-problem-he-said-wasn-t-going-to-solv_1144545.jpg) > [We're finding that very well-educated people, people who have done everything right, are behind, really behind. And they are hoping they can…](https://sms4smile.com/quotes/teresa-ghilarducci/we-re-finding-that-very-well-educated-people-people-who-have-done/) [Teresa Ghilarducci](https://sms4smile.com/quotes/author/teresa-ghilarducci/) [Image](https://sms4smile.com/quotes/i/c26/teresa-ghilarducci-49476_country_we-re-finding-that-very-well-educated-pe_356971.jpg) > [During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical…](https://sms4smile.com/quotes/joseph-stiglitz/during-my-three-years-as-chief-economist-of-the-world-bank-labor/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/a32/joseph-stiglitz-1351_economics_during-my-three-years-as-chief-economist_2873909.jpg) > [Most mothers entering the labor market outside the home are naive. They stagger home each evening, holding mail in their teeth, the…](https://sms4smile.com/quotes/erma-bombeck/most-mothers-entering-the-labor-market-outside-the-home-are-naive/) [Erma Bombeck](https://sms4smile.com/quotes/author/erma-bombeck/) [Image](https://sms4smile.com/quotes/i/078/erma-bombeck-780_armpits_most-mothers-entering-the-labor-market-o_951156.png) > [Private sector labor market flows provide additional indications of the strength of the labor market. For example, the quits rate has tended…](https://sms4smile.com/quotes/janet-yellen/private-sector-labor-market-flows-provide-additional-indications-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Image](https://sms4smile.com/quotes/i/fd8/janet-yellen-2828_find_private-sector-labor-market-flows-provid_2162026.png) > [A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been…](https://sms4smile.com/quotes/william-julius-wilson/a-lot-of-joblessness-in-the-black-community-doesn-t-seem-to-be/) [William Julius Wilson](https://sms4smile.com/quotes/author/william-julius-wilson/) [Image](https://sms4smile.com/quotes/i/316/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1314300.jpg) > [If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery.…](https://sms4smile.com/quotes/tyler-cowen/if-you-and-your-skills-are-a-complement-to-the-computer-your-wage-and/) [Tyler Cowen](https://sms4smile.com/quotes/author/tyler-cowen/) [Image](https://sms4smile.com/quotes/i/0a1/tyler-cowen-4396_address_if-you-and-your-skills-are-a-complement_220273.png) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/labor-market/#itemlist", "name": "Labor Market Quotes", "numberOfItems": 17, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "There prevails on a free labor market a tendency toward full employment.", "creator": { "@type": "Person", "name": "Ludwig von Mises" }, "url": "https://sms4smile.com/quotes/ludwig-von-mises/there-prevails-on-a-free-labor-market-a-tendency-toward-full/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/62b/ludwig-von-mises-364_employment_there-prevails-on-a-free-labor-market-a_2394431.png", "contentUrl": "https://sms4smile.com/quotes/i/62b/ludwig-von-mises-364_employment_there-prevails-on-a-free-labor-market-a_2394431.png", "url": "https://sms4smile.com/quotes/i/62b/ludwig-von-mises-364_employment_there-prevails-on-a-free-labor-market-a_2394431.png", "width": 1080, "height": 1080, "caption": "“There prevails on a free labor market a tendency toward full employment.” — Ludwig von Mises", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.", "creator": { "@type": "Person", "name": "Edward C. 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People have not been drawn into the labor market even during periods of economic recovery.", "creator": { "@type": "Person", "name": "William Julius Wilson" }, "url": "https://sms4smile.com/quotes/william-julius-wilson/a-lot-of-joblessness-in-the-black-community-doesn-t-seem-to-be-2/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c55/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1488156.png", "contentUrl": "https://sms4smile.com/quotes/i/c55/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1488156.png", "url": "https://sms4smile.com/quotes/i/c55/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1488156.png", "width": 1080, "height": 1080, "caption": "“A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary…” — William Julius Wilson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "American workers have faced serious difficulties in the labor market since the first oil shock in 1973. Since that time, the pace of productivity advance has slowed for reasons which are still not understood, lowering the rate at which living standards have advanced.", "creator": { "@type": "Person", "name": "Janet Yellen" }, "url": "https://sms4smile.com/quotes/janet-yellen/american-workers-have-faced-serious-difficulties-in-the-labor-market/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/208/janet-yellen-2828_american_american-workers-have-faced-serious-diff_423600.jpg", "contentUrl": "https://sms4smile.com/quotes/i/208/janet-yellen-2828_american_american-workers-have-faced-serious-diff_423600.jpg", "url": "https://sms4smile.com/quotes/i/208/janet-yellen-2828_american_american-workers-have-faced-serious-diff_423600.jpg", "width": 1080, "height": 1080, "caption": "“American workers have faced serious difficulties in the labor market since the first oil shock in 1973…” — Janet Yellen", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "“One way is to do some research and find out how long the job has been posted. In a good labor market, a job posting should never be open for more than four weeks (six at the max).”", "creator": { "@type": "Person", "name": "Bill Burnett" }, "url": "https://sms4smile.com/quotes/bill-burnett/one-way-is-to-do-some-research-and-find-out-how-long-the-job-has-been/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/25d/bill-burnett-15078_investing_one-way-is-to-do-some-research-and-find_1015202.jpg", "contentUrl": "https://sms4smile.com/quotes/i/25d/bill-burnett-15078_investing_one-way-is-to-do-some-research-and-find_1015202.jpg", "url": "https://sms4smile.com/quotes/i/25d/bill-burnett-15078_investing_one-way-is-to-do-some-research-and-find_1015202.jpg", "width": 1080, "height": 1080, "caption": "“One way is to do some research and find out how long the job has been posted. In a good labor market, a job…” — Bill Burnett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.", "creator": { "@type": "Person", "name": "Ben Bernanke" }, "url": "https://sms4smile.com/quotes/ben-bernanke/in-any-given-month-a-large-number-of-workers-are-being-hired-or-are/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8c0/ben-bernanke-1388_current_in-any-given-month-a-large-number-of-wor_999218.png", "contentUrl": "https://sms4smile.com/quotes/i/8c0/ben-bernanke-1388_current_in-any-given-month-a-large-number-of-wor_999218.png", "url": "https://sms4smile.com/quotes/i/8c0/ben-bernanke-1388_current_in-any-given-month-a-large-number-of-wor_999218.png", "width": 1080, "height": 1080, "caption": "“In any given month, a large number of workers are being hired or are leaving their current jobs…” — Ben Bernanke", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "Schools are competing for talent, not just with the district down the road, but with other sectors as well, many of which can respond more nimbly to changing labor market dynamics.", "creator": { "@type": "Person", "name": "Miguel Cardona" }, "url": "https://sms4smile.com/quotes/miguel-cardona/schools-are-competing-for-talent-not-just-with-the-district-down-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/274/miguel-cardona-5641_competing_schools-are-competing-for-talent-not-jus_2740732.jpg", "contentUrl": "https://sms4smile.com/quotes/i/274/miguel-cardona-5641_competing_schools-are-competing-for-talent-not-jus_2740732.jpg", "url": "https://sms4smile.com/quotes/i/274/miguel-cardona-5641_competing_schools-are-competing-for-talent-not-jus_2740732.jpg", "width": 1080, "height": 1080, "caption": "“Schools are competing for talent, not just with the district down the road, but with other sectors as well…” — Miguel Cardona", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "“The problem, he said, wasn’t going to solve itself: “[T]oo many people are coming into the labor market and too many machines are throwing people out.”1 The”", "creator": { "@type": "Person", "name": "Martin Ford" }, "url": "https://sms4smile.com/quotes/martin-ford/the-problem-he-said-wasn-t-going-to-solve-itself-t-oo-many-people-are/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8a7/martin-ford-70657_computers_the-problem-he-said-wasn-t-going-to-solv_1144545.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8a7/martin-ford-70657_computers_the-problem-he-said-wasn-t-going-to-solv_1144545.jpg", "url": "https://sms4smile.com/quotes/i/8a7/martin-ford-70657_computers_the-problem-he-said-wasn-t-going-to-solv_1144545.jpg", "width": 1080, "height": 1080, "caption": "“The problem, he said, wasn’t going to solve itself: “[T]oo many people are coming into the labor market and…” — Martin Ford", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "We're finding that very well-educated people, people who have done everything right, are behind, really behind. And they are hoping they can stay in the labor market, but a word that's used in other countries that isn't used here is very apt here.", "creator": { "@type": "Person", "name": "Teresa Ghilarducci" }, "url": "https://sms4smile.com/quotes/teresa-ghilarducci/we-re-finding-that-very-well-educated-people-people-who-have-done/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c26/teresa-ghilarducci-49476_country_we-re-finding-that-very-well-educated-pe_356971.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c26/teresa-ghilarducci-49476_country_we-re-finding-that-very-well-educated-pe_356971.jpg", "url": "https://sms4smile.com/quotes/i/c26/teresa-ghilarducci-49476_country_we-re-finding-that-very-well-educated-pe_356971.jpg", "width": 1080, "height": 1080, "caption": "“We're finding that very well-educated people, people who have done everything right, are behind, really…” — Teresa Ghilarducci", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/during-my-three-years-as-chief-economist-of-the-world-bank-labor/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a32/joseph-stiglitz-1351_economics_during-my-three-years-as-chief-economist_2873909.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a32/joseph-stiglitz-1351_economics_during-my-three-years-as-chief-economist_2873909.jpg", "url": "https://sms4smile.com/quotes/i/a32/joseph-stiglitz-1351_economics_during-my-three-years-as-chief-economist_2873909.jpg", "width": 1080, "height": 1080, "caption": "“During my three years as chief economist of the World Bank, labor market issues were looked at through the…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "Most mothers entering the labor market outside the home are naive. They stagger home each evening, holding mail in their teeth, the cleaning over their arm, a lamb chop defrosting under each armpit, balancing two gallons of frozen milk between their knees, and expect one of the kids to get the door.", "creator": { "@type": "Person", "name": "Erma Bombeck" }, "url": "https://sms4smile.com/quotes/erma-bombeck/most-mothers-entering-the-labor-market-outside-the-home-are-naive/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/078/erma-bombeck-780_armpits_most-mothers-entering-the-labor-market-o_951156.png", "contentUrl": "https://sms4smile.com/quotes/i/078/erma-bombeck-780_armpits_most-mothers-entering-the-labor-market-o_951156.png", "url": "https://sms4smile.com/quotes/i/078/erma-bombeck-780_armpits_most-mothers-entering-the-labor-market-o_951156.png", "width": 1080, "height": 1080, "caption": "“Most mothers entering the labor market outside the home are naive. 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For example, the quits rate has tended to be pro-cyclical, since more workers voluntarily quit their jobs when they are more confident about their ability to find new ones and when firms are competing more actively for new hires.", "creator": { "@type": "Person", "name": "Janet Yellen" }, "url": "https://sms4smile.com/quotes/janet-yellen/private-sector-labor-market-flows-provide-additional-indications-of/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/fd8/janet-yellen-2828_find_private-sector-labor-market-flows-provid_2162026.png", "contentUrl": "https://sms4smile.com/quotes/i/fd8/janet-yellen-2828_find_private-sector-labor-market-flows-provid_2162026.png", "url": "https://sms4smile.com/quotes/i/fd8/janet-yellen-2828_find_private-sector-labor-market-flows-provid_2162026.png", "width": 1080, "height": 1080, "caption": "“Private sector labor market flows provide additional indications of the strength of the labor market. 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They feel people from the inner city are not job-ready, that the kids have been poorly educated, that they can't read, they can't write, they can't speak.", "creator": { "@type": "Person", "name": "William Julius Wilson" }, "url": "https://sms4smile.com/quotes/william-julius-wilson/a-lot-of-joblessness-in-the-black-community-doesn-t-seem-to-be/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/316/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1314300.jpg", "contentUrl": "https://sms4smile.com/quotes/i/316/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1314300.jpg", "url": "https://sms4smile.com/quotes/i/316/william-julius-wilson-23478_black_a-lot-of-joblessness-in-the-black-commun_1314300.jpg", "width": 1080, "height": 1080, "caption": "“A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary…” — William Julius Wilson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 17, "item": { "@type": "Quotation", "text": "If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. 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