Country Quote by Robert J. Shiller
“In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to participate in producing output that is sold internationally.”
About This Quote
Source Article: Economic Outlook, 2020
Global participation in production can eliminate the need for migration for higher wages, emphasizing shared prosperity.
In simple terms: Working together globally can raise wages everywhere.
Key Takeaway
Support fair global trade.
Themes
economics
globalization
fairness
Mood
optimistic
analytical
Type
economic
policy
When to use this quote
- policy making
- business strategy
- education programs
Key Concepts
production
wage
migration
international markets
Questions to Reflect On
- How can you contribute to global production?
- What policies ensure fair wages?
A Different Perspective
Implementation requires equitable distribution of opportunities.
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