--- title: "Meaning & Key Takeaway of: In order to encourage the private sector…" description: "\"In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable sustained wag..." image: "https://sms4smile.com/quotes/i/152/fumio-kishida-6061_create_in-order-to-encourage-the-private-sector_578430.jpg" --- # In order to encourage the private sector to raise wages… ![“In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable sustained wage increases.” quote by Fumio Kishida](https://sms4smile.com/quotes/i/152/fumio-kishida-6061_create_in-order-to-encourage-the-private-sector_578430.jpg) [Download](https://sms4smile.com/quotes/i/152/fumio-kishida-6061_create_in-order-to-encourage-the-private-sector_578430.jpg) [Open image](https://sms4smile.com/quotes/i/152/fumio-kishida-6061_create_in-order-to-encourage-the-private-sector_578430.jpg) > “In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable sustained wage increases.” [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A virtuous cycle of higher wages and corporate growth can sustain long‑term wage growth and economic health. **In simple terms:** Higher wages and growth reinforce each other. Key Takeaway Promote policies that link wage growth to productivity. Themes economy labor growth policy equity Mood optimistic strategic Type policy economic strategic When to use this quote - government policy - business negotiations - collective bargaining - investment decisions Key Concepts macroeconomics wage dynamics corporate strategy Questions to Reflect On - How can productivity be measured accurately? - What safeguards prevent wage‑inflation loops? A Different Perspective If growth stalls, wages may rise without matching productivity, causing inflation. ★ ★ ★ ★ ★ No ratings yet [Cycle](https://sms4smile.com/quotes/about/cycle/) [Growth](https://sms4smile.com/quotes/about/growth/) [Order](https://sms4smile.com/quotes/about/order/) [Private sector](https://sms4smile.com/quotes/about/private-sector/) ## Related quotes > [We need to do everything possible in order to realize wage increases.](https://sms4smile.com/quotes/fumio-kishida/we-need-to-do-everything-possible-in-order-to-realize-wage-increases/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [President Trump's record of tax reform and deregulation powered the American economy to the fastest real wage increases in a generation.](https://sms4smile.com/quotes/scott-bessent/president-trump-s-record-of-tax-reform-and-deregulation-powered-the/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Although Caterpillar has fought vigorously against writing guaranteed pay increases into its contracts - and won, every time - it does offer market-based wage…](https://sms4smile.com/quotes/mina-kimes/although-caterpillar-has-fought-vigorously-against-writing-guaranteed/) [Mina Kimes](https://sms4smile.com/quotes/author/mina-kimes/) > [When I started in the business, the minimum wage was $1.25. 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We also must raise wages for low…](https://sms4smile.com/quotes/jan-schakowsky/american-workers-deserve-a-raise-i-fully-support-the-push-for-15-an/) [Jan Schakowsky](https://sms4smile.com/quotes/author/jan-schakowsky/) ## More by Fumio Kishida > [We need to protect free trade as a guiding principle for Japan.](https://sms4smile.com/quotes/fumio-kishida/we-need-to-protect-free-trade-as-a-guiding-principle-for-japan/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [TICAD is a conference Japan launched in 1993 to assist self-supporting development in Africa against the backdrop of the declining international interest in the…](https://sms4smile.com/quotes/fumio-kishida/ticad-is-a-conference-japan-launched-in-1993-to-assist-self/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [In thinking of the sustainability and inclusiveness of our nation's economy and society, we place child-rearing support as our most important policy.](https://sms4smile.com/quotes/fumio-kishida/in-thinking-of-the-sustainability-and-inclusiveness-of-our-nation-s/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [We need to do a thorough examination of whether Japan's defence capability is adequate or not.](https://sms4smile.com/quotes/fumio-kishida/we-need-to-do-a-thorough-examination-of-whether-japan-s-defence/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [It's important to expand households' financial asset income to create a broad middle class.](https://sms4smile.com/quotes/fumio-kishida/it-s-important-to-expand-households-financial-asset-income-to-create/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [With regard to relationship with China and the Republic of Korea, I believe it is important to develop future-oriented co-operative relationship and I would…](https://sms4smile.com/quotes/fumio-kishida/with-regard-to-relationship-with-china-and-the-republic-of-korea-i/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [We will squarely deal with wealth distribution towards the middle class.](https://sms4smile.com/quotes/fumio-kishida/we-will-squarely-deal-with-wealth-distribution-towards-the-middle/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [I want to achieve a virtuous economic cycle by raising the incomes of not just a certain segment, but a broader range of people…](https://sms4smile.com/quotes/fumio-kishida/i-want-to-achieve-a-virtuous-economic-cycle-by-raising-the-incomes-of/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Multilateralism has already played an important role in dealing with the Iranian nuclear issue, leading to more constructive approach by Iran.](https://sms4smile.com/quotes/fumio-kishida/multilateralism-has-already-played-an-important-role-in-dealing-with/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Rather than leaving everything to market and competition, I will put emphasis on the government and private sector working together for socioeconomic transformation.](https://sms4smile.com/quotes/fumio-kishida/rather-than-leaving-everything-to-market-and-competition-i-will-put/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Investment in people is often regarded as a cost, but it is a source of medium to long-term corporate value.](https://sms4smile.com/quotes/fumio-kishida/investment-in-people-is-often-regarded-as-a-cost-but-it-is-a-source/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Family-related social expenditures should not be a lower priority than defense-spending. 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