Abundance Quote by Walter Reuther
“We believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.”
About This Quote
Source Speech: Labor Union Conference, 1950s
Sharing progress after it occurs aligns incentives, turning cooperation into tangible abundance and reducing speculation about future profits.
In simple terms: Share progress after it happens to align incentives.
Key Takeaway
Align incentives through profit sharing.
Themes
cooperation
incentives
economics
labor relations
management
worker expectations
Mood
optimistic
pragmatic
Type
business
economic
When to use this quote
- company profit sharing
- employee bonus plans
- cooperative ventures
- joint ventures
Key Concepts
profit sharing
abundance creation
risk mitigation
Questions to Reflect On
- How can profit sharing be structured to stay fair over time?
- What safeguards prevent short‑term focus?
A Different Perspective
May ignore future uncertainties and over‑rely on past performance.
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