Leo XIII Quotes

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.

Capital is a result of labor.

Labor is the only means of creating wealth.

Labor alone creates and pays the profits of capital.

So the American economy needs the world, and the world needs the American economy.

I never have reservations about doing anything as long as I'm being paid.

Private industry's job is to make money. Private industry's job is to create a huge economic engine.

You work hard for your income, and that hard work is what fuels the economy.

Labor is the source of all wealth and all culture.

Wealth flows from energy and ideas.

Every time a man expects, as he says, his money to work for him, he is expecting other people to work for him.

In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.

For industry to settle in a country, you first need electricity; for electricity, you need some trained workers; for trained workers, you need some schools; for schools you need some money; for money, you need some industry.

Economists largely confine themselves to three key factors - capital, labor and productivity - when explaining how and why a country grows.

A man is not paid for having a head and hands, but for using them.

Our nations workers are our nation’s greatest asset.

There can be no distress, there can be no hard times, when labor is well paid. The man who raises his hand against the progress of the workingman raises his hand against prosperity.

Take away my people, but leave my factories, and soon grass will grow on the factory floors. Take away my factories, but leave my people, and soon we will have a new and better factory.

The quantity of industry therefore not only increases in every country with the increase of the stock or capital which sets it in motion; but, in consequence of this increase, the division of labour becomes extended, new and more powerful implements and machines are invented, and the same quantity of labour is thus made to produce an infinitely greater quantity of commodities.

A large civilization yields large profits [earnings] because of' the large amount of [available] labor which is the cause of profit.

As capital is thus the most essential element in setting industry in motion, so it is by the amount of it, that the productiveness of that industry is chiefly determined.

We live in an interdependent world. We depend on one another for prosperity.

When rich men are thus brought to regard themselves as trustees, and poor men learn to be industrious, economical, temperate, self-denying, and diligent in the acquisition of knowledge, then the deplorable strife between capital and labor, tending to destroy their fundamental, necessary, and irrefragable harmony will cease, and the world will no longer be afflicted with such unnatural industrial conflicts as we have seen during the past century...

With every increase in the power of production, consumption grew, and the labourer received larger returns for his labour, producing a tendency to immigration.

$5 a day was what Mr. Ford said, and Negroes came hundreds of miles to line up outside his employment offices.