Counterparts Quote by John Kenneth Galbraith

Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages,…

— Dale T. Mortensen

What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for…

— Arthur Laffer

The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and…

— Murray Rothbard

In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do…

— Tim Bishop

Obviously, we want people to be paid a wage that could help make ends meet, but when you increase artificially the cost of labor…

— Thom Tillis

“In an exchange economy everybody’s money income is somebody else’s cost. Every increase in hourly wages, unless or until compensated by an equal increase…

— Henry Hazlitt

The pace of increases in labor compensation provides another possible indicator, albeit an imperfect one, of the degree of labor market slack.

— Janet Yellen

A minimum wage leads to higher levels of unemployment.

— Steve Hanke

No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some…

— John Kenneth Galbraith

You can have a wages policy imposed by mass unemployment.

— Michael Foot

If higher unemployment is the price we have to pay in order to bring inflation down, then it is a price worth paying.

— Norman Lamont

In proportion therefore, as the repulsiveness of the work increases, the wage decreases.

— Karl Marx