1950s Quote by Edward Conard
“In the 1950s and 1960s, an explosion of great corporate jobs, together with a restricted supply of labor, produced healthy wage growth.”
About This Quote
Source Book: The Great Reversal, 2015
Limited labor supply and abundant corporate jobs historically drove strong wage growth.
In simple terms: Scarcity of workers boosted wages.
Recognize supply-demand dynamics in labor markets.
Themes
Mood
Type
When to use this quote
- career planning
- policy making
- business strategy
- education counseling
Key Concepts
Questions to Reflect On
- How does current labor scarcity affect wages?
- What policies can sustain wage growth?
Modern economies may not replicate past conditions.