--- title: "Meaning & Key Takeaway of: Like all other contracts, wages should be…" description: "\"Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the..." image: "https://sms4smile.com/quotes/i/d6b/david-ricardo-9461_competition_like-all-other-contracts-wages-should-be_171964.jpg" --- # Like all other contracts, wages should be left to the fair… ![“Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.” quote by David Ricardo](https://sms4smile.com/quotes/i/d6b/david-ricardo-9461_competition_like-all-other-contracts-wages-should-be_171964.jpg) [Download](https://sms4smile.com/quotes/i/d6b/david-ricardo-9461_competition_like-all-other-contracts-wages-should-be_171964.jpg) [Open image](https://sms4smile.com/quotes/i/d6b/david-ricardo-9461_competition_like-all-other-contracts-wages-should-be_171964.jpg) > “Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.” [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. Wages are best determined by market forces without government interference. **In simple terms:** Let the market set wages freely. Key Takeaway Allow competition to decide pay. Themes economics labor government market policy Mood critical analytical Type economic political When to use this quote - employment negotiations - policy debates - business planning - salary setting Key Concepts free market price mechanism labor value Questions to Reflect On - Is unregulated competition fair to all workers? - How can market failures be addressed? 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