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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.” quote by David Ricardo
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“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.”

David Ricardo

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.

Key Takeaway

Consider technology in wage policy.

Themes

economics labor technology price dynamics

Mood

analytical educational

Type

economic historical

When to use this quote

  • wage negotiations
  • product pricing
  • investment decisions

Key Concepts

classical economics industrialization

Questions to Reflect On

  • How do modern tech changes affect wages?
  • What policies protect workers?
A Different Perspective

Ignoring technology leads to mispricing.

3.8 out of 5 (10 ratings)

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