--- title: "Meaning & Key Takeaway of: The core of a virtuous economic cycle…" description: "\"The core of a virtuous economic cycle lies in wage growth.\" — Fumio Kishida" image: "https://sms4smile.com/quotes/i/3a7/fumio-kishida-6061_cycle_the-core-of-a-virtuous-economic-cycle-li_728698.jpg" --- # The core of a virtuous economic cycle lies in wage growth. ![“The core of a virtuous economic cycle lies in wage growth.” quote by Fumio Kishida](https://sms4smile.com/quotes/i/3a7/fumio-kishida-6061_cycle_the-core-of-a-virtuous-economic-cycle-li_728698.jpg) [Download](https://sms4smile.com/quotes/i/3a7/fumio-kishida-6061_cycle_the-core-of-a-virtuous-economic-cycle-li_728698.jpg) [Open image](https://sms4smile.com/quotes/i/3a7/fumio-kishida-6061_cycle_the-core-of-a-virtuous-economic-cycle-li_728698.jpg) > “The core of a virtuous economic cycle lies in wage growth.” [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. Claims that rising wages are essential to sustaining a healthy, virtuous economic cycle. **In simple terms:** Wage growth fuels a strong economy. Key Takeaway Support policies that raise wages. Themes economics wage policy growth virtuous cycle Mood analytical optimistic Type policy economic When to use this quote - minimum wage legislation - corporate wage reviews - union negotiations Key Concepts Keynesian economics income distribution labor markets Questions to Reflect On - How to balance wage growth with price stability? - What role do productivity gains play? A Different Perspective Higher wages can increase inflationary pressure. ★ ★ ★ ★ ★ No ratings yet [Core Virtuous](https://sms4smile.com/quotes/about/core-virtuous-5713189/) [Cycle](https://sms4smile.com/quotes/about/cycle/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic Cycle](https://sms4smile.com/quotes/about/economic-cycle-5058061/) [Economics](https://sms4smile.com/quotes/about/economics/) [Growth](https://sms4smile.com/quotes/about/growth/) [Lies](https://sms4smile.com/quotes/about/lies/) [Virtuous](https://sms4smile.com/quotes/about/virtuous/) [Virtuous Economic](https://sms4smile.com/quotes/about/virtuous-economic-3690371/) [Wage](https://sms4smile.com/quotes/about/wage/) [Wage Growth](https://sms4smile.com/quotes/about/wage-growth-2577096/) ## Related quotes > [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/) > [On the upswing of an economic cycle, workers, consumers, savers, investors, and entrepreneurs imagine a future that is brighter than the past. 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It has been boom and…](https://sms4smile.com/quotes/tony-blair/moreover-for-decades-we-have-been-prone-to-far-greater-swings-in-the/) [Tony Blair](https://sms4smile.com/quotes/author/tony-blair/) > [My first rule - the golden rule - ensures that over the economic cycle the Government will borrow only to invest, and that current…](https://sms4smile.com/quotes/gordon-brown/my-first-rule-the-golden-rule-ensures-that-over-the-economic-cycle/) [Gordon Brown](https://sms4smile.com/quotes/author/gordon-brown/) > [It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the…](https://sms4smile.com/quotes/jared-bernstein/it-s-a-mistake-to-think-that-any-increase-in-wages-is-inflationary/) [Jared Bernstein](https://sms4smile.com/quotes/author/jared-bernstein/) > [“The 1970s were also the last decade in which the working class experienced meaningful wage growth.20”](https://sms4smile.com/quotes/bruce-cannon-gibney/the-1970s-were-also-the-last-decade-in-which-the-working-class/) [Bruce Cannon Gibney](https://sms4smile.com/quotes/author/bruce-cannon-gibney/) > [Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.](https://sms4smile.com/quotes/gerald-epstein/increases-in-interest-rates-normally-worsen-inequality-at-least/) [Gerald Epstein](https://sms4smile.com/quotes/author/gerald-epstein/) > [One of the things I really worry about is that if you don't see middle class wage growth, if you don't see the economy…](https://sms4smile.com/quotes/james-vance/one-of-the-things-i-really-worry-about-is-that-if-you-don-t-see/) [James Vance](https://sms4smile.com/quotes/author/james-vance/) > [To advocate both for more immigration and for faster wage growth for the working and middle class is to work at cross-purposes.](https://sms4smile.com/quotes/edward-conard/to-advocate-both-for-more-immigration-and-for-faster-wage-growth-for/) [Edward Conard](https://sms4smile.com/quotes/author/edward-conard/) > [In the 1950s and 1960s, an explosion of great corporate jobs, together with a restricted supply of labor, produced healthy wage growth.](https://sms4smile.com/quotes/edward-conard/in-the-1950s-and-1960s-an-explosion-of-great-corporate-jobs-together/) [Edward Conard](https://sms4smile.com/quotes/author/edward-conard/) > [In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable…](https://sms4smile.com/quotes/fumio-kishida/in-order-to-encourage-the-private-sector-to-raise-wages-we-must/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) ## 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/) > [In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable…](https://sms4smile.com/quotes/fumio-kishida/in-order-to-encourage-the-private-sector-to-raise-wages-we-must/) [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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Extinction - death of a species - is part and parcel of evolutionary change. In the absence of…](https://sms4smile.com/quotes/richard-fortey/without-death-there-is-little-innovation-extinction-death-of-a/) [Richard Fortey](https://sms4smile.com/quotes/author/richard-fortey/) > [What we did ten years ago with the Playstation was a phenomenal success story for the company. That product had a ten year life…](https://sms4smile.com/quotes/ian-jackson/what-we-did-ten-years-ago-with-the-playstation-was-a-phenomenal/) [Ian Jackson](https://sms4smile.com/quotes/author/ian-jackson/) > [Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.](https://sms4smile.com/quotes/noam-chomsky/concentration-of-wealth-yields-concentration-of-political-power-and/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [“When I prepare, then I become pregnant... and then I produce. When I produce, then I praise the Lord... and then I become prosperous…](https://sms4smile.com/quotes/israelmore-ayivor/when-i-prepare-then-i-become-pregnant-and-then-i-produce-when-i/) [Israelmore Ayivor](https://sms4smile.com/quotes/author/israelmore-ayivor/) > [As any opera fan knows, lawyers and judges do not fare well in most operas. Just consider the productions of 'Andrea Chenier,' 'Aida, Norma,'…](https://sms4smile.com/quotes/karen-decrow/as-any-opera-fan-knows-lawyers-and-judges-do-not-fare-well-in-most/) [Karen DeCrow](https://sms4smile.com/quotes/author/karen-decrow/) > [Well, we promised our fans that we'd put out records faster, and that's what we're doing. We figured out a way to condense our…](https://sms4smile.com/quotes/chester-bennington/well-we-promised-our-fans-that-we-d-put-out-records-faster-and-that-s/) [Chester Bennington](https://sms4smile.com/quotes/author/chester-bennington/) > [I was in an unhealthy cycle. I was drinking too much. I wasn't eating well. 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