--- title: "Meaning & Key Takeaway of: Making labor less expensive helps firms…" description: "\"Making labor less expensive helps firms hire people.\" — Christina Romer" image: "https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg" --- # Making labor less expensive helps firms hire people. ![“Making labor less expensive helps firms hire people.” quote by Christina Romer](https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg) [Download](https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg) [Open image](https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg) > “Making labor less expensive helps firms hire people.” [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Lower labor costs enable firms to expand employment, stimulating economic growth and reducing unemployment. **In simple terms:** Cheaper labor lets firms hire more. Key Takeaway Support policies that reduce hiring barriers. Themes economics employment policy Mood analytical critical Type economic policy When to use this quote - small business expansion - government hiring - gig economy platforms - salary negotiations Key Concepts labor market dynamics cost-benefit analysis Questions to Reflect On - How do wage reductions affect worker morale? - What alternatives exist to lower hiring costs? A Different Perspective Reducing wages may hurt worker welfare and long‑term productivity. ★ ★ ★ ★ ★ No ratings yet [Labor](https://sms4smile.com/quotes/about/labor/) [People](https://sms4smile.com/quotes/about/people/) ## Related quotes > [Making anything more labor-intensive makes it more expensive.](https://sms4smile.com/quotes/michael-shellenberger/making-anything-more-labor-intensive-makes-it-more-expensive/) [Michael Shellenberger](https://sms4smile.com/quotes/author/michael-shellenberger/) > [If firms were made to hire according to quotas, it might optimize the percentage of women in the industry, but that doesn't necessarily translate…](https://sms4smile.com/quotes/gillian-tans/if-firms-were-made-to-hire-according-to-quotas-it-might-optimize-the/) [Gillian Tans](https://sms4smile.com/quotes/author/gillian-tans/) > [The most important thing is that you hire people who complement you and are better than you in specific areas. Good people hire people…](https://sms4smile.com/quotes/guy-kawasaki/the-most-important-thing-is-that-you-hire-people-who-complement-you/) [Guy Kawasaki](https://sms4smile.com/quotes/author/guy-kawasaki/) > [As an individual, you know what you are good at and what you're not good at, so over time as you are hiring, you…](https://sms4smile.com/quotes/alexis-maybank/as-an-individual-you-know-what-you-are-good-at-and-what-you-re-not/) [Alexis Maybank](https://sms4smile.com/quotes/author/alexis-maybank/) > [“The bottom line is that you shouldn’t hire people you don’t trust, or work for bosses who don’t trust you. If you’re not trusted…](https://sms4smile.com/quotes/jason-fried/the-bottom-line-is-that-you-shouldn-t-hire-people-you-don-t-trust-or/) [Jason Fried](https://sms4smile.com/quotes/author/jason-fried/) > [Hire people who are better than you are, then leave them to get on with it. Look for people who will aim for the…](https://sms4smile.com/quotes/david-ogilvy/hire-people-who-are-better-than-you-are-then-leave-them-to-get-on/) [David Ogilvy](https://sms4smile.com/quotes/author/david-ogilvy/) > [Early on I realized that I had to hire people smarter and ore qualified than I was in a number of different fields, and…](https://sms4smile.com/quotes/howard-schultz/early-on-i-realized-that-i-had-to-hire-people-smarter-and-ore/) [Howard Schultz](https://sms4smile.com/quotes/author/howard-schultz/) > [Only hire people you want to have dinner with.](https://sms4smile.com/quotes/tom-ford/only-hire-people-you-want-to-have-dinner-with/) [Tom Ford](https://sms4smile.com/quotes/author/tom-ford/) > [I hire people brighter than me and then I get out of their way.](https://sms4smile.com/quotes/lee-iacocca/i-hire-people-brighter-than-me-and-then-i-get-out-of-their-way/) [Lee Iacocca](https://sms4smile.com/quotes/author/lee-iacocca/) > [Somebody asked me 'what's the job of a CEO', and there's a number of things a CEO does. What you mostly do is articulate…](https://sms4smile.com/quotes/brian-chesky/somebody-asked-me-what-s-the-job-of-a-ceo-and-there-s-a-number-of/) [Brian Chesky](https://sms4smile.com/quotes/author/brian-chesky/) > [The first people in a company are the most important. They will hire people like themselves and create a culture that either works or…](https://sms4smile.com/quotes/tom-anderson/the-first-people-in-a-company-are-the-most-important-they-will-hire/) [Tom Anderson](https://sms4smile.com/quotes/author/tom-anderson/) > [Always hire people who are better than you. Hiring dummies is shortsighted. You can't move up the ladder until everyone is comfortable with your…](https://sms4smile.com/quotes/lois-wyse/always-hire-people-who-are-better-than-you-hiring-dummies-is/) [Lois Wyse](https://sms4smile.com/quotes/author/lois-wyse/) > [Hire people more for their judgment than for their talents.](https://sms4smile.com/quotes/h-jackson-brown-jr/hire-people-more-for-their-judgment-than-for-their-talents/) [H. Jackson Brown, Jr](https://sms4smile.com/quotes/author/h-jackson-brown-jr/) > [Our team at Duolingo is really cohesive, but this did not just happen. I made a concerted effort to hire people who are going…](https://sms4smile.com/quotes/luis-von-ahn/our-team-at-duolingo-is-really-cohesive-but-this-did-not-just-happen/) [Luis von Ahn](https://sms4smile.com/quotes/author/luis-von-ahn/) > [If you want to start or grow a business in the state of Missouri and hire more people with good jobs, I will be…](https://sms4smile.com/quotes/eric-greitens/if-you-want-to-start-or-grow-a-business-in-the-state-of-missouri-and/) [Eric Greitens](https://sms4smile.com/quotes/author/eric-greitens/) ## More by Christina Romer > [I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.](https://sms4smile.com/quotes/christina-romer/i-think-something-that-forces-financial-institutions-to-write-down/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something…](https://sms4smile.com/quotes/christina-romer/i-think-where-i-differ-a-little-bit-we-absolutely-have-to-think-about/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [You care about the deficit because it allows you to do things you need to do to help people who are suffering.](https://sms4smile.com/quotes/christina-romer/you-care-about-the-deficit-because-it-allows-you-to-do-things-you/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [The central question is whether Medicare and Medicaid should remain entitlement programs guaranteeing a certain amount of care, as Democrats believe, or become defined…](https://sms4smile.com/quotes/christina-romer/the-central-question-is-whether-medicare-and-medicaid-should-remain/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies…](https://sms4smile.com/quotes/christina-romer/the-stock-market-crash-in-october-1929-didn-t-destroy-a-particularly/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are…](https://sms4smile.com/quotes/christina-romer/tax-increases-appear-to-have-a-very-large-sustained-and-highly/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change…](https://sms4smile.com/quotes/christina-romer/the-most-effective-way-to-shake-an-economy-out-of-a-terrible-downturn/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [Thanks to former President George W. Bush - remember the compassionate conservative? - I have a good name for the fundamental principle that should…](https://sms4smile.com/quotes/christina-romer/thanks-to-former-president-george-w-bush-remember-the-compassionate/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on…](https://sms4smile.com/quotes/christina-romer/president-obama-has-repeatedly-urged-congress-to-let-the-bush-tax/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps…](https://sms4smile.com/quotes/christina-romer/if-every-other-store-in-town-is-paying-workers-9-an-hour-one-offering/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When…](https://sms4smile.com/quotes/christina-romer/there-s-a-joke-in-economics-about-the-drunk-who-loses-his-keys-in-the/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good…](https://sms4smile.com/quotes/christina-romer/if-increasing-income-equality-is-the-goal-it-might-be-wiser-to-put/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would…](https://sms4smile.com/quotes/christina-romer/recovery-measures-work-better-when-they-raise-confidence-as-franklin/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses;…](https://sms4smile.com/quotes/christina-romer/the-stimulus-legislation-technically-known-as-the-american-recovery/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [Tax increases appear to have a very large sustained and highly significant negative impact on output.](https://sms4smile.com/quotes/christina-romer/tax-increases-appear-to-have-a-very-large-sustained-and-highly-2/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) [Explore all 41 Christina Romer quotes ](https://sms4smile.com/quotes/author/christina-romer/) ## More Expensive quotes > [Consumers can choose organic cotton grown without pesticides, but it uses more water and requires more land than conventional crops. Organic cotton can also…](https://sms4smile.com/quotes/tatiana-schlossberg/consumers-can-choose-organic-cotton-grown-without-pesticides-but-it/) [Tatiana Schlossberg](https://sms4smile.com/quotes/author/tatiana-schlossberg/) > [The liveness of theater, and the excitement of experiencing it alongside an audience, is something you can't get at home. That makes the theater…](https://sms4smile.com/quotes/nick-blaemire/the-liveness-of-theater-and-the-excitement-of-experiencing-it/) [Nick Blaemire](https://sms4smile.com/quotes/author/nick-blaemire/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [I watched a film called 'Elephant' recently. Its not stylish in the sense of expensive suits and Italian cars, but the styling on every…](https://sms4smile.com/quotes/tinie-tempah/i-watched-a-film-called-elephant-recently-its-not-stylish-in-the/) [Tinie Tempah](https://sms4smile.com/quotes/author/tinie-tempah/) > [I have a daughter in college myself. It's an expensive thing.](https://sms4smile.com/quotes/brad-parscale/i-have-a-daughter-in-college-myself-it-s-an-expensive-thing/) [Brad Parscale](https://sms4smile.com/quotes/author/brad-parscale/) > [The creatives, they want to connect with people. These artists, the clothing designers, they want to connect with people the same way that music…](https://sms4smile.com/quotes/kanye-west/the-creatives-they-want-to-connect-with-people-these-artists-the/) [Kanye West](https://sms4smile.com/quotes/author/kanye-west/) > [We blacks were the first people embracing Obama, long before the people at expensive fundraisers were supporting him. We gave him his first love,…](https://sms4smile.com/quotes/jesse-jackson/we-blacks-were-the-first-people-embracing-obama-long-before-the/) [Jesse Jackson](https://sms4smile.com/quotes/author/jesse-jackson/) > [I don't really buy expensive clothes. I love good bags!](https://sms4smile.com/quotes/christian-siriano/i-don-t-really-buy-expensive-clothes-i-love-good-bags/) [Christian Siriano](https://sms4smile.com/quotes/author/christian-siriano/) > [It's expensive to shoot on film.](https://sms4smile.com/quotes/karl-glusman/it-s-expensive-to-shoot-on-film/) [Karl Glusman](https://sms4smile.com/quotes/author/karl-glusman/) > [There are a number of much less expensive alternatives to detaining immigrants than locking them up somewhere.](https://sms4smile.com/quotes/bill-foster/there-are-a-number-of-much-less-expensive-alternatives-to-detaining/) [Bill Foster](https://sms4smile.com/quotes/author/bill-foster/) > [It was doing very well; it was doing particularly well outside of England. It was a very big seller for Carlton Television. But it…](https://sms4smile.com/quotes/derek-jacobi/it-was-doing-very-well-it-was-doing-particularly-well-outside-of/) [Derek Jacobi](https://sms4smile.com/quotes/author/derek-jacobi/) > [Once I got a guitar that was relatively user-friendly, but not super-duper easy, I really came on as a guitarist, at that point. It…](https://sms4smile.com/quotes/jimmy-page/once-i-got-a-guitar-that-was-relatively-user-friendly-but-not-super/) [Jimmy Page](https://sms4smile.com/quotes/author/jimmy-page/) > [My beloved dog defied treatment from the best and most expensive veterinarians, holistic practitioners, trainers, and animal communicators. He was simply beyond my ability…](https://sms4smile.com/quotes/jon-katz/my-beloved-dog-defied-treatment-from-the-best-and-most-expensive/) [Jon Katz](https://sms4smile.com/quotes/author/jon-katz/) > [Naval dominance of European waters was the largest, longest, most complex and expensive project ever undertaken by the British state and society.](https://sms4smile.com/quotes/nicholas-rodger/naval-dominance-of-european-waters-was-the-largest-longest-most/) [Nicholas Rodger](https://sms4smile.com/quotes/author/nicholas-rodger/) > [“I can see why they say golf is an expensive sport to play. If you have to drop a nickel on the green every…](https://sms4smile.com/quotes/jarod-kintz/i-can-see-why-they-say-golf-is-an-expensive-sport-to-play-if-you-have/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) Browse all 1,662 Expensive quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Making labor less expensive helps firms hire people.", "creator": { "@type": "Person", "name": "Christina Romer" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/christina-romer/making-labor-less-expensive-helps-firms-hire-people/", "about": { "@type": "Thing", "name": "Expensive" }, "@id": "https://sms4smile.com/quotes/christina-romer/making-labor-less-expensive-helps-firms-hire-people/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg", "contentUrl": "https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg", "url": "https://sms4smile.com/quotes/i/5f9/christina-romer-16059_expensive_making-labor-less-expensive-helps-firms_1315702.jpg", "width": 1080, "height": 1080, "caption": "“Making labor less expensive helps firms hire people.” — Christina Romer", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Christina Romer", "item": "https://sms4smile.com/quotes/author/christina-romer/" }, { "@type": "ListItem", "position": 4, "name": "Making labor less expensive helps firms...", "item": "https://sms4smile.com/quotes/christina-romer/making-labor-less-expensive-helps-firms-hire-people/" } ], "@id": "https://sms4smile.com/quotes/christina-romer/making-labor-less-expensive-helps-firms-hire-people/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```