Equal Quote by Armand Hammer
“People will always work harder if they're getting well paid and if they're afraid of losing a job which they know will be hard to equal. As is well known, if you pay peanuts, you get monkeys.”
About This Quote
Low wages attract low effort; fair compensation is essential to motivate quality work and retain talent.
In simple terms: Pay well, get good work.
Key Takeaway
Offer competitive pay to boost performance.
Themes
economics
motivation
labor market
Mood
analytical
pragmatic
Type
business
strategic
When to use this quote
- business management
- HR policies
- contract negotiations
- team leadership
Key Concepts
incentive theory
human capital
fairness
Questions to Reflect On
- How can you align compensation with employee values?
- What non‑monetary incentives complement pay?
A Different Perspective
Higher pay alone may not guarantee loyalty; culture matters too.
