Money Quote by Robert Bosch
“I don't pay good wages because I have a lot of money; I have a lot of money because I pay good wages.”
About This Quote
Source Business principle, date unknown
High wages attract wealth; wealth allows paying good wages, creating a virtuous cycle.
In simple terms: Pay well, earn more.
Key Takeaway
Invest in fair compensation.
Themes
economics
fairness
business ethics
Mood
pragmatic
ethical
Type
Money:1
Wages:1
Money Pay:1
Pay Good:1
Good Wages:1
Wages Lot:1
When to use this quote
- human resources policy
- corporate finance
- labor negotiations
- social entrepreneurship
- profit sharing
Key Concepts
salary dynamics
wealth redistribution
employee motivation
Questions to Reflect On
- How can you sustain fair wages?
- What incentives support this cycle?
A Different Perspective
Market forces may disrupt the cycle despite good intentions.
