Background Image
Well, jobs are a great thing. you have to be a bit careful: if you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. and so within certain limits, you know, it does cause job destruction. if you really start pushing it, then you’re just making a huge trade-off.
-Bill Gates
Please Wait....
Translating....

Well, Jobs Are A Great Thing. You

Bill Gates
Well, jobs are a great thing. you have to be a bit careful: if you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. and so within certain limits, you know, it does cause job destruction. if you really start pushing it, then you’re just making a huge trade-off.
Views: 62698
Cite this Page
Prevent plagiarism by providing proper attribution.
APA FORMAT
Embed this Quote
Copy this HTML code to embed the quote on your website or blog.
HTML CODE
Topic
Jobs Doe Machines

More From Bill Gates

Labor, being itself a commodity, is measured as such by the labor time needed to produce the labor-commodity. and what is needed to produce this labor-commodity? just enough labor time to produce the objects indispensable to the constant maintenance of labor, that is, to keep the worker alive and in a condition to propagate his race. the natural price of labor is no other than the wage minimum.
Race Maintenance Alive
[a] family with two kids that earns the minimum wage still lives below the poverty line. that's wrong. that's why, since the last time this congress raised the minimum wage, 19 states have chosen to bump theirs even higher. tonight, let's declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour.
Kids Two Should Have
If i thought that raising the minimum wage was the best way to help people increase their pay, i would be all for it, but it isn't. if you raise the minimum wage, you're going to make people more expensive than a machine. and that means all this automation that's replacing jobs and people is only going to be accelerated.
Jobs Mean People
Every single thing i`ve done, from the affordable care act to pushing to raise the minimum wage, to making sure that young people are able to go to college and get good job training, to what we`re pushing now in terms of sick paid leave,everything i do has been focused on how do we make sure the middle class is getting a fair deal.
Jobs College Class
A general flat minimum-wage law for all industry is permissible, but i do not think that it is a particularly wise method of achieving the end. i know much better methods of providing a minimum for everybody. but once you turn from laying down a general minimum for all industry to decreeing particular and different minimum for different industries, then, of course, you make the price mechanism inoperative, because it is no longer the price mechanism which will guide people between industries and trades.
Wise Thinking Law
Minimum wage laws tragically generate unemployment, especially so among the poorest and least skilled or educated workers... because a minimum wage, of course, does not guarantee any worker's employment; it only prohibits, by force of law, anyone from being hired at the wage which would pay his employer to hire him.
Law Doe Unemployment
Similar Quotes
Reproductive choice has to be straightened out. there will never be a woman of means without choice anymore. that just seems to me so obvious. the states that changed their abortion laws before roe are not going to change back. so we have a policy that only affects poor women, and it can never be otherwise.
Mean Law Choices
Whoever has overthrown an existing law of custom has always first been accounted a bad man: but when, as did happen, the law could not afterwards be reinstated and this fact was accepted, the predicate gradually changed; - history treats almost exclusively of these bad men who subsequently became good men!
Men Law Good Man
Be happy with being you. love your flaws. own your quirks. and know that you are just as perfect as anyone else, exactly as you are.
Perfect Flaws Quirks
If we do our job right, the supreme court won't be made up of men and women who are on the side of the little guy or the big guy; rather, the supreme court will be made up of men and women who are on the side of the law and the constitution.
Jobs Men Law

Trending Author

Laurel Clark
Laurel Clark
Abigail Adams
Abigail Adams
Aung San Suu Kyi
Aung San Suu Kyi
James Lane Allen
James Lane Allen
David Schwimmer
David Schwimmer
George Jean Nathan
George Jean Nathan
Category
Information
Inspirational
Philosophy
Personal Growth
Happiness & Joy
Life Lessons
Success & Business
Motivation