Affect Quote by David Ricardo
“But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.”
About This Quote
Source Treatise: Principles of Political Economy, 1817
Wage rises affect commodity prices differently based on machine durability.
In simple terms: Wage impact varies with machine lifespan.
Consider technology in wage policy.
Themes
Mood
Type
When to use this quote
- wage negotiations
- product pricing
- investment decisions
Key Concepts
Questions to Reflect On
- How do modern tech changes affect wages?
- What policies protect workers?
Ignoring technology leads to mispricing.