Employers Quotes



This is not a common quotation from Thoreau. The great man for whom the establishment had so much respect had a very anti-capitalist streak. His view is that the employer will generally never pay his laborers a fair wage. Instead he will pay the laborer the lowest rate for which he can obtain the laborers services. If the laborer generates added value for his wage, the employer is in a zero sum game with the laborer. If part of the added value—the profit is paid to the laborer, the employer does not have it for himself (or his stockholders). In most cases, the laborer is forced to work for his and his family’s subsistence. This theory argues that they only way the laborer will get a fair wage is if there is a labor shortage (assuming no government laws or union pressure is in the picture. Many capitalists argue that a “fair” wage is what a free man is willing to work for and a free employer is willing to pay. So economics is like politics in general with respect to fairness—there is no universally accepted definition of what is fair.


With most of the able bodied males in the military, women were the mainstay of American industry. Therefore the recruiting campaigns were targeted to them. And women tended to value health care and insurance more so than men. Therefore it was offered and maintained. The labor unions and many workers themselves realized that health insurance was a tax free benefit and so the returning male veterans not only entered the workforce where health insurance was a part of compensation, but where it was not, it was a collective bargaining objective as it was worth more than the cash raise of wages. More health insurance should be provided than the employees could be after paying his taxes.


This is one of the classic labor-management problems. It can be solved by legislating minimum wages, having very strong labor unions, that can pressure all the employers of an industry at once, or to have industrial unions as they do in Germany.


Jefferson was one of the first political and economic thinkers to express concern over the “wage slave” concept of the industrial revolution. This was one of the major reasons that he was not in consonance with Alexander Hamilton in his economic vision for America. While we followed the Hamilton direction, there are still issues of maintaining freedom and independence for an employee in modern nations and economies.