Real Wages Quotes

I said these trade deals are going to be terrible: we're going to lose manufacturing jobs, factories abroad; the real wages of Americans are not going to rise. People are coming across the border; it has got to be stopped.

Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.

Inflation outstripped real wages for people who work for pay from others.

During the 1960s, rising real wages for low-income and high-income workers, due in part to rapid economic growth and the spread of unionization, worked in tandem with expanding government support systems to improve Americans' well-being.

Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.

To be sure, faster growth in nominal labor compensation does not necessarily portend higher inflation.

Real wages for male workers in the United States are about what they were in the '60s.

Some of the anti-trade sentiment is the result of rising wealth inequality and stagnating real wages.

The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.

A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money.

The basic thing that made Trump popular is that he blamed others for the problems that we have in the United States. We have a problem. Let's face it. The typical income, median income, of a full-time male worker - and the workers who have a full-time job are the lucky ones - is at the same level it was 42 years ago. At the bottom, real wages in the United States are at the same level they were 60 years ago.

Those who advocate devaluation are calling for a reduction in the wage levels and the real wage standards of every member of the working class.

I think there are many people in the working class who say, you know what? Yes, maybe we are better off than we were eight years ago, but I am still working two or three jobs, my kid can't afford to go to college, I can't afford child care, my real wages have been going down for 40 years. The middle class is shrinking. Who's standing up for me?

Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with wages in rich economies, generating a steady drop in real wages across Europe.

In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.

Real median household incomes in the U.S. were basically the same in 1989 as in 2014. But we are also seeing similar challenges in the U.K. in the stagnation of real wages.

Democrats in Washington predicted that tax cuts would not create jobs, would not increase wages, and would cause the federal deficit to explode. Well, the facts are in. The tax cuts have led to a strong economy. Real wages were on the rise, and deficit has been cut in half three years ahead of schedule.

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices.

It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.

It is historically the case that virtually every new zone incorporated into the world-economy established levels of real remuneration which were at the bottom of the world-system's hierarchy of wage-levels.

If workmen are denied any increase in real wages and they can look forward only to a better standard of living through reduction of prices, progress for them is terribly slow, and they become impatient and dissatisfied.