--- title: "Meaning & Key Takeaway of: The long-range sloution to high…" description: "\"The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it cost..." image: "https://sms4smile.com/quotes/i/160/milton-friedman-616_employers_the-long-range-sloution-to-high-unemploy_317204.jpg" --- # The long-range sloution to high unemployment is to… ![“The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it costly for employers to employ people; we subsidize people not to go to work We have a system that increasingly taxes work and subsidizes nonwork.” quote by Milton Friedman](https://sms4smile.com/quotes/i/160/milton-friedman-616_employers_the-long-range-sloution-to-high-unemploy_317204.jpg) [Download](https://sms4smile.com/quotes/i/160/milton-friedman-616_employers_the-long-range-sloution-to-high-unemploy_317204.jpg) [Open image](https://sms4smile.com/quotes/i/160/milton-friedman-616_employers_the-long-range-sloution-to-high-unemploy_317204.jpg) > “The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We make it costly for employers to employ people; we subsidize people not to go to work We have a system that increasingly taxes work and subsidizes nonwork.” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. High unemployment stems from disincentives to work; policies should encourage saving, investing, and hiring. **In simple terms:** Work is discouraged by current taxes and subsidies. Key Takeaway Reform taxes to reward employment and investment. Themes employment tax policy incentives Mood analytical critical Type economic policy When to use this quote - government budgeting - business strategy - personal finance - education programs Key Concepts economic theory labor markets Questions to Reflect On - What tax changes would most boost hiring? - How can we balance social safety nets with work incentives? A Different Perspective Political resistance may block tax reforms. ★ ★ ★ ★ ★ No ratings yet [Employers](https://sms4smile.com/quotes/about/employers/) [Incentive](https://sms4smile.com/quotes/about/incentive/) [Incentives](https://sms4smile.com/quotes/about/incentives/) [Ordinary people](https://sms4smile.com/quotes/about/ordinary-people/) [People](https://sms4smile.com/quotes/about/people/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Unemployment](https://sms4smile.com/quotes/about/unemployment/) ## Related quotes > [We also have no incentive compensation of any kind. 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Trial lawyers,…](https://sms4smile.com/quotes/buck-mckeon/this-bill-would-allow-an-employee-to-bring-a-claim-against-an/) Buck McKeon > [During three decades from 1947 to 1977, the nation implemented what might be called a basic bargain with American workers. Employers paid them enough…](https://sms4smile.com/quotes/robert-reich/during-three-decades-from-1947-to-1977-the-nation-implemented-what/) [Robert Reich](https://sms4smile.com/quotes/author/robert-reich/) > [I like to joke that Inhofe is as far left as I'll go for an employer.](https://sms4smile.com/quotes/marc-morano/i-like-to-joke-that-inhofe-is-as-far-left-as-i-ll-go-for-an-employer/) Marc Morano > [I believe in an America where the rights that I have described are enjoyed by all, regardless of their race or their creed or…](https://sms4smile.com/quotes/john-f-kennedy/i-believe-in-an-america-where-the-rights-that-i-have-described-are/) [John F. 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