America Quote by Joseph Stiglitz
“The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages have not moved in tandem.”
About This Quote
American workers' wages have stagnated despite rising productivity, breaking the usual link between output and pay.
In simple terms: Wages not keeping up with productivity.
Key Takeaway
Address wage stagnation.
Themes
economics
labor
inequality
Mood
critical
analytical
Type
policy
economic
When to use this quote
- minimum wage reform
- union support
- corporate profit sharing
Key Concepts
productivity-wage gap
policy failure
Questions to Reflect On
- Why does productivity outpace wages?
- What policies could realign them?
A Different Perspective
Political resistance can stall reforms.
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
