Excessive Profits Quote by Henry Hazlitt
““It is significant that while there is a word "profiteer" to stigmatize those who make allegedly excessive profits, there is no such word as "wageer" - or "losseer.””
About This Quote
Source Essay: Economics in One Lesson, 1946
The lack of a term for low‑wage workers highlights societal bias that condemns high profit while ignoring wage exploitation.
In simple terms: Society labels profit but not wage exploitation.
Key Takeaway
Recognize and name wage exploitation.
Themes
inequality
language
economics
Mood
critical
reflective
Type
analytical
social critique
When to use this quote
- labor negotiations
- policy advocacy
- public discourse
Key Concepts
social bias
economic justice
Questions to Reflect On
- How does language shape economic perception?
- What policies can address wage exploitation?
A Different Perspective
The term “profiteer” exists, but creating a new word may not change underlying power structures.
