Famous Quotes & Sayings

Janet Yellen

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

Ludwig von Mises

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

William Beveridge

There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.

Walter Wriston

Rising prices or wages do not cause inflation; they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

Wim Duisenberg

Wages, import prices, bottlenecks in shortages in the employment market

Mark Vitner

We haven't seen that much improvement in employment of hourly workers because the job market for lower-skill workers still has a lot of slack in it. But if you look at skilled workers, it's a much different picture. We're starting to see some real shortages in some sectors.

John Silvia

Manufacturing output is up, yet employment in the manufacturing sector is down. This result suggests that the firms are producing more in the U.S., but doing it with fewer workers.

Stephen Roberts

It does take a lot of pressure off the Reserve Bank. It's hard to get persistent inflation without wages pressure, and hard to get wages pressure with employment easing.

Gus Whitcomb

We fill a void that is very important in the employment arena.

Alan Blinder

One of the reasons for all the happy faces in retail this holiday shopping season is that gas prices are going down, down, down. Employment and income are doing well.

Michael Every

For the Reserve Bank, this is likely to significantly dampen any thoughts of rate increases going forward. With higher oil prices and a weakening housing market, employment growth should be much more moderate ahead.

Martin Baily

Historically, in the U.S. and in other countries, periods of rapid productivity growth have been periods of strong employment growth.

Robert Bigelow

Keep employment levels low, but keep freedom and innovation high.

Charles Caleb Colton

Sincerely to aspire after virtue, is to gain her; and zealously to labour after her wages, is to receive them.

Charles Spurgeon

Not even in this world does sin pay its servants good wages.

David Ricardo

But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed.

David Ricardo

The farmer and manufacturer can no more live without profit than the labourer without wages.

William Shakespeare

Your praises will become your wages.

William Shakespeare

Our praises are our wages.

Benjamin Harrison

There never has been a time in our history when work was so abundant or when wages were as high, whether measured by the currency in which they are paid or by their power to supply the necessaries and comforts of life.

Jared Bernstein

We are in the midst of a protracted wage slump, ... a troubling trend that is largely going unnoticed by policymakers.

Ed Pastor

While prices of goods continue to rise, American worker's wages remain stagnant.