Skip to content

Austerity Quote by Alex Himelfarb

“Austerity, especially when it cannot be offset by a significant lowering of interest rates, brings with it increases in unemployment -- particularly enduring unemployment -- suppression of wages for the majority, and deepening income inequality.” quote by Alex Himelfarb
Download Open image
““Austerity, especially when it cannot be offset by a significant lowering of interest rates, brings with it increases in unemployment -- particularly enduring unemployment -- suppression of wages for the majority, and deepening income inequality.””

Alex Himelfarb

About This Quote

Source Speech: Economic Forum, 2019

Austerity without rate cuts raises unemployment, depresses wages, and widens inequality.

In simple terms: Austerity harms jobs and wages.

Key Takeaway

Seek balanced fiscal policies.

Themes

economics policy inequality

Mood

critical analytical

Type

policy economic

When to use this quote

  • government budgeting
  • labor negotiations
  • public advocacy

Key Concepts

fiscal restraint labor markets social welfare

Questions to Reflect On

  • What alternatives exist to austerity?
  • How can wages be protected during cuts?
A Different Perspective

Austerity may be politically unavoidable.

3.8 out of 5 (3 ratings)

More by Alex Himelfarb

Explore all 4 Alex Himelfarb quotes

More Austerity quotes

Browse all 153 Austerity quotes