Cost Quote by David Korten
“My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.”
About This Quote
Source Book: The Great Turning, David Korten, 2001
Economic growth often fails to keep pace with rising living costs, especially housing, leaving workers poorer despite higher wages.
In simple terms: Wages rise slower than living costs, hurting workers.
Advocate policies that align wages with housing costs.
Themes
Mood
Type
When to use this quote
- urban planning
- government budgeting
- labor negotiations
- affordable housing initiatives
Key Concepts
Questions to Reflect On
- How can societies ensure wages match living expenses?
- What policies can curb housing cost spikes?
Higher wages alone may not solve affordability without systemic cost controls.