Amount Quote by Millicent Fawcett
“A demand for commodities is not a demand for labor. The demand for labor is determined by the amount of capital directly devoted to the remuneration of labor: the demand for commodities simply determines in what direction labor shall be employed.”
About This Quote
Source Essay: Economic Theory, 1910
Commodity demand drives labor demand indirectly through capital allocation.
In simple terms: Demand for goods influences where labor is used.
Key Takeaway
Consider how capital shapes labor needs.
Themes
economics
labor
capital
Mood
analytical
critical
Type
economic
theoretical
When to use this quote
- policy planning
- business strategy
- employment trends
Key Concepts
supply and demand
resource allocation
Questions to Reflect On
- How does capital availability affect job markets?
- What limits exist in this relationship?
A Different Perspective
Capital constraints can limit labor demand despite commodity needs.
![“We have no paupers ... The great mass of our [United States] population is of laborers; our rich, who can live without labor, either manual or professional, being few, and of moderate wealth. Most of the laboring class possess property, cultivate their own lands, have families, and from the demand…” quote by Thomas Jefferson](https://sms4smile.com/quotes/img-quotes/d26/thomas-jefferson-43_class_we-have-no-paupers-the-great-mass-of-our_389092.jpg)
