Labor Quote by Jose Angel Gurria
“If you are trying to favor the unions by having more rigid labor market and keeping wages very high, you could be blocking people from getting new jobs.”
About This Quote
Source Speech: Economic forum, 2018
Rigid labor markets and high wages can unintentionally hinder job creation and mobility.
In simple terms: Over‑regulation can block employment.
Key Takeaway
Balance flexibility and wages.
Themes
employment
labor market
policy
economics
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- government policy
- business hiring
- career planning
Key Concepts
market dynamics
trade‑offs
Questions to Reflect On
- How to balance wage growth with job creation?
- What policies improve mobility?
A Different Perspective
Higher wages may still be necessary for living standards.
![“[In science any model depends on a pre-chosen taxonomy] a set of classifications into which we divide the enormous complexity of the real world... Land, labor, and capital are extremely heterogeneous aggregates, not much better than earth, air, fire, and water.” quote by Kenneth E. Boulding](https://sms4smile.com/quotes/img-quotes/47e/kenneth-e-boulding-3728_air_in-science-any-model-depends-on-a-pre-ch_12383.jpg)
