Economy Quote by Louis O. Kelso

“median wages have stopped tracking productivity, underscoring the fact that such a decoupling is not only a theoretical possibility but also an empirical fact…

— Erik Brynjolfsson

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely…

— Alan Greenspan

An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that…

— Karl Marx

There is no substitute under the heavens for productive labor. It is the process by which dreams become realities. It is the process by…

— Gordon B. Hinckley

Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in…

— Tim Jackson

If the economy is growing, people want to employ more workers. If you hire more labor, wages go up.

— Michael Hudson

American labor will realize that its function is not to increase jobs, but to multiply the wealth and to expand the numbers benefited by…

— R. Buckminster Fuller

Growth in productivity has diverged from growth in the share that working people can expect right across advanced economies, but this trend started earlier…

— Mariana Mazzucato

The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is anywhere…

— Adam Smith

The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in…

— Ludwig von Mises

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

— Janet Yellen

With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate…

— Simon Kuznets