Allowing Quote by Richard D. Wolff
“Nothing would more quickly and definitively reduce U.S. income inequality than allowing every worker in all businesses to participate in deciding the range of incomes from one worker to another. They would never do what is now a matter of normality: give one person millions, in some cases billions, while others have barely enough to make a living.”
About This Quote
Source Article: Economic Justice, 2015
Advocates for worker-determined wages to eliminate extreme income disparity
In simple terms: Workers setting wages could reduce inequality
Key Takeaway
Support democratic wage setting
Themes
economics
equality
labor rights
Mood
critical
thoughtful
Type
policy
analytical
When to use this quote
- policy reform
- union negotiations
- corporate governance
Key Concepts
income distribution
participatory economics
Questions to Reflect On
- How would wage transparency affect productivity?
- What safeguards prevent collusion?
A Different Perspective
Implementation complexity in diverse industries
![“We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/b66/alan-greenspan-1834_average_we-ought-to-be-opening-up-our-borders-to_163888.jpg)
