--- title: "Meaning & Key Takeaway of: But it is clear that the price of labour…" description: "\"But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compa..." image: "https://sms4smile.com/quotes/i/9da/david-ricardo-9461_clear_but-it-is-clear-that-the-price-of-labour_2393214.jpg" --- # But it is clear that the price of labour has no necessary… ![“But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.” quote by David Ricardo](https://sms4smile.com/quotes/i/9da/david-ricardo-9461_clear_but-it-is-clear-that-the-price-of-labour_2393214.jpg) [Download](https://sms4smile.com/quotes/i/9da/david-ricardo-9461_clear_but-it-is-clear-that-the-price-of-labour_2393214.jpg) [Open image](https://sms4smile.com/quotes/i/9da/david-ricardo-9461_clear_but-it-is-clear-that-the-price-of-labour_2393214.jpg) > “But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.” [David Ricardo](https://sms4smile.com/quotes/author/david-ricardo/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Labor wages are set by the balance of workers available versus jobs, not by food costs. **In simple terms:** Wages depend on worker supply and demand, not food prices. Key Takeaway Consider labor market dynamics when analyzing wages. Themes economics labor markets supply and demand Mood analytical neutral Type economic theoretical When to use this quote - policy negotiations - career planning - business budgeting - inflation analysis Key Concepts Classical economics price theory Questions to Reflect On - How do modern labor shortages affect this principle? 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