| Quotations - Income |
[Quote No.32750] Need Area: Money > Income
"To whom much is given is much required." - Bible
Luke 12:49
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[Quote No.32843] Need Area: Money > Income
"With the changing economy, no one has lifetime employment. But community colleges [and their ability to allow anyone to learn new skills to be of service to others] provide lifetime employability!" - Barack Obama
44th President of the United States of America.
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[Quote No.33053] Need Area: Money > Income
"The government first provides very poor schooling, and then the harm is multiplied by the minimum wage law, which makes it difficult ... to get on-the-job training. Without the minimum wage law, the least skilled could offer to work for low wages, which would provide an incentive for employers to hire and train them. [Don't forget an employee needs to produce revenue of about twice their wages to make their jobs viable. Then as their knowledge, productivity and ability to produce revenue for the company improves so can their wages.]" - Milton Friedman
(1912 – 2006), American economist, statistician, public intellectual, and a recipient of the Nobel Memorial Prize in Economics. Quote from 'U.S. News & World Report', published March 7, 1977.
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[Quote No.33268] Need Area: Money > Income
"Not doing more than the average is what keeps the average down." - William M. Winans
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[Quote No.33270] Need Area: Money > Income
"You must endure what is painful to secure that which is
profitable. [No gain without pain!]" - Proverb
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[Quote No.34669] Need Area: Money > Income
"These days a lot of people work hard, so you have to
make sure you work even harder and really dedicate
yourself to what you are doing and setting out to achieve." - Lakshmi Mittal
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[Quote No.34684] Need Area: Money > Income
"The person who does not know how to live while they are making a living is a poorer person after their wealth is won than when they started." - Josiah Gilbert Holland
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[Quote No.35076] Need Area: Money > Income
"One man's wage rise is another man's price increase." - Harold Wilson
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[Quote No.35560] Need Area: Money > Income
"What are the effects of the level and length of unemployment insurance (UI) benefits on unemployment durations? This has been studied and reported in the famous 'Unemployment Insurance And Unemployment Spells' report by Bruce D. Meyer. [According to Google Scholar, this paper has been academically cited 1,378 times, when an academic paper with one hundred citations is considered very successful.] The paper particularly studies individual behavior during the weeks just prior to when benefits lapse. Higher UI benefits are found to have a strong negative effect on the probability of leaving unemployment. However, the probability of leaving unemployment rises dramatically just prior to when benefits lapse [as people then take whatever job they can to have at least some money]. It is one argument often made by economists for limiting the size and duration of unemployment insurance/benefits." - Anon
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[Quote No.36518] Need Area: Money > Income
"I will pay more for the ability to deal with people before any other ability under the sun." - John D. Rockefeller
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[Quote No.36737] Need Area: Money > Income
"It is better to have a permanent income than to be fascinating." - Oscar Wilde
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[Quote No.36825] Need Area: Money > Income
"It is a socialist idea that making profits is a vice; I consider the real vice is making losses!" - Winston Churchill
British Prime Minister during World War Two.
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[Quote No.37601] Need Area: Money > Income
"Nothing will work unless you do!" - John Wooden
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[Quote No.37709] Need Area: Money > Income
"The only time some people work like a horse is when the boss rides them." - Gabriel Heatter
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[Quote No.37820] Need Area: Money > Income
"People do not understand what a great revenue economy is." - Marcus T. Cicero
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[Quote No.38097] Need Area: Money > Income
"[Not only are the hard skills of the details of your specific job critical to professional success but also the soft skills of relating well to others:] The ability to deal with people is as purchasable a commodity as sugar or coffee, and I will pay more for that ability than for any other under the sun." - John Davison Rockefeller
(8 July 1839 – 23 May 1937) an American business tycoon, industrialist, and book-keeper, most famous for his role in the early petroleum-industry and the founding of Standard Oil. Measured in today's dollars, Rockefeller is the richest person in the history of mankind. He was also the first billionaire (in US dollars) in history. Attributed in 'How to Win Friends and Influence People' (1937) by Dale Carnegie
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[Quote No.38298] Need Area: Money > Income
"It is not what we get. But who we become, what we contribute...that gives meaning to our lives.
" - Anthony Robbins
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[Quote No.38340] Need Area: Money > Income
"We can have more than we've got because we can become more than we are." - Jim Rohn
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[Quote No.38382] Need Area: Money > Income
"The difference between a job and a career is the difference between 40 and 60 hours a week." - Robert Frost
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[Quote No.38407] Need Area: Money > Income
"Many folks think they aren't good at earning money, when what they don't know is how to use it [i.e. save, invest and spend wisely]." - Frank A. Clark
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[Quote No.38456] Need Area: Money > Income
"I do not demand equal pay for any women save those who do equal work in value. Scorn to be coddled by your employers; make them understand that you are in their service as workers, not as women." - Susan B. Anthony
(1820 - 1906), important women's rights leader.
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[Quote No.38994] Need Area: Money > Income
"I believe unions have an important place in the economy. I believe the advocacy they provide for the least powerful is important and useful but I feel, that in these difficult times for all, that management and unions should work more closely together, with managers trying to more fairly share any annual profit improvements, balanced in proportion to the unique contributions and financial risks taken, AND unions trying to find productivity improvements to justify and allow CPI cost-of-living or above increases in wages, bonuses and conditions. Adversarial tactics may make supporters of each feel well represented but they are often counter-productive to a win-win solution, which should be the real aim of both groups in the team that is each company and economy!" - Seymour@imagi-natives.com
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[Quote No.39281] Need Area: Money > Income
"...the best anti-poverty program is a job... And second, it is education." - Trent Duffy
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[Quote No.39900] Need Area: Money > Income
"Your earning ability today is largely dependent upon your ability to combine your knowledge and skill in such a way that you contribute value for which customers are willing to pay." - Brian Tracy
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[Quote No.39958] Need Area: Money > Income
"Equal pay for equal work." - Susan B. Anthony
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[Quote No.40146] Need Area: Money > Income
"A bar of iron costs $5, made into horseshoes it's worth is $12, made into needles it's worth is $3,500, made into balance springs for watches, it's worth is $300,000. Your own value is determined also by what you are able to make of yourself for the good of others." - Unknown
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[Quote No.40153] Need Area: Money > Income
"You must get good at one of two things: planting in the spring or begging in the fall!" - Jim Rohn
Highly successful entrepreneur and philosopher.
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[Quote No.40309] Need Area: Money > Income
"Big jobs usually go to the men who prove their ability to outgrow small ones!" - Ralph Waldo Emerson
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[Quote No.40657] Need Area: Money > Income
"Of privileges women have had plenty, and yet most of them have been denied the one great [mixed] blessing of man’s life – the necessity to go out in the world and earn their bread directly." - Pearl S. Buck
winner Nobel Prize for Literature, 1938
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[Quote No.40964] Need Area: Money > Income
"Wages are not paid [ideally] for labor expended, but for the achievements of labor, which differ widely in quality and quantity. " - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.40972] Need Area: Money > Income
"The only means to increase a nation’s [company’s or individual’s] welfare is to increase and to improve the output of products [productivity]...[and thereby] accelerate the increase in capital accumulated as against population [savings per capita]." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41035] Need Area: Money > Income
"It is untrue that some are poor because others are rich. If an order of society in which incomes were equal replaced the capitalist order, everyone would become poorer [as those capable of serving more and better would have no incentive to work harder and take on more risk]." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41051] Need Area: Money > Income
"To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual’s [contribution to society and therefore to a large degree their wealth and] social position!" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41053] Need Area: Money > Income
"Modern man has always before his eyes the possibility of growing rich by work and enterprise. In the more rigid economy of the past this was less easy. People were rich or poor from birth, and remained so through their lives unless they were given a change of position through some unforeseen accident." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41056] Need Area: Money > Income
"In the bureaucratic machine of socialism [rather than in the ‘consumer as king’ capitalism] the way toward promotion [and improved income] is not achievement [by service to the consumer] but by the favor of the superiors [which explains why service in socialism has always been inferior to that in capitalism and corruption so widespread]. " - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41083] Need Area: Money > Income
"On a free labor market, wage rates tend toward a height at which all employers ready to pay these rates can find all the men [and women] they need and all the workers ready to work for this rate can find jobs. There prevails a tendency toward full employment... The result of the governments and the unions meddling with the height of wage rates cannot be anything else than an incessant increase in the number of unemployed [in other areas of the economy or economy wide. If a general wage increase occurs without a corresponding equivalent or better improvement in productivity then inflation rises putting the cost of the wage rise on consumers, especially the retired and others on fixed incomes, or if prices remain the same then business profit margins fall and therefore shareholders lose the equivalent value. It is a zero sum game unless productivity improves. As the Nobel Prize winning economist, Milton Friedman said, 'There's no such thing as a free lunch.' This is often referred to as the unseen, 'unintended consequences' of well-intentioned or often politically motivated government or union intervention.]" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41087] Need Area: Money > Income
"[The lack of opportunity for individuals to make a contribution to servicing the needs of society and earning their own income is damaging to the individual and potentially to society.] Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited. " - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41088] Need Area: Money > Income
"[The lack of opportunity for individuals to make a contribution to servicing the needs of society and earning their own income is damaging to the individual and potentially to society.] If what is involved is a case of unemployment springing from dynamic changes in the economy, then unemployment benefits only result in postponing the adjustment of the workers to the new conditions. [Retraining is the inevitable answer. The only decisions are should the retraining be on or off the job, how much should they be paid while retraining and who should pay – the individual - through borrowing that must repaid out of future earnings, society - through taxes or the employer-retrainer - out of their contribution to the profit of the company during and if necessary after training.]" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41090] Need Area: Money > Income
"The only means to raise wage rates permanently for all those eager to earn wages is to raise the productivity of labor by increasing the per-head quota of capital invested and improving the methods of production... There is but one way toward an increase of real wage rates for all those eager to earn wages: the progressive accumulation of new capital and the improvement of technical methods of production which the new capital brings about. The true interests of labor coincide with those of business... The better the tools are which the worker uses in his job, the more he can perform in an hour, the higher is, consequently, his remuneration... The buyers do not pay for the toil and trouble the worker took nor for the length of time he spent in working. They pay for the products... The height of wage rates is determined by the consumers appraisal of the value the workers labor adds to the value of the article available for sale... Like other factors of production, labor is also valued according to its usefulness in satisfying human wants… In the long run the worker can never get more than the consumer allows... [The customer is really the employer, not the owner of the business, the capitalist.] It is not the Hollywood film corporation that pays the wages of a movie star; it is the people who pay admission to the movies. And it is not the entrepreneurs of a boxing match who pay the enormous demands of the prize fighters; it is the people who pay admission to the fight." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41093] Need Area: Money > Income
"Minimum wage rates [irrespective of return on equity, profit contribution and productivity gains], whether decreed and enforced by the government or by labor union pressure and violence, result in mass unemployment [as many businesses therefore become unable to compete with imports or provide sufficient profit to compensate the owners for the risks and opportunity costs and are either closed down or moved to other nations where the wage costs are lower, often due to lower costs of living, taxes, regulations, safety standards, etc. The products are then provided to the community by importation alone. This may in fact be the best overall outcome for the society as a whole as economic analysis shows - refer the theory of national comparative advantage, free trade, protectionism - but the cost to the individual workers can be massive, especially if a whole industry becomes unviable and the workers need to be retrained in another field to find employment.]" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41118] Need Area: Money > Income
"In capitalist enterprise there is no secure income and no security of wealth." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41120] Need Area: Money > Income
"The masses, in their capacity as consumers, ultimately determine everybody’s revenues and wealth [usually in proportion to their contribution of knowledge, skill, effort, time and capital at risk]!" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41124] Need Area: Money > Income
"All almsgiving [charity or welfare without some corresponding effort or contribution of service to earn it in some way] inevitably tends to pauperize the recipient [by reducing their incentive and capacity to provide for themselves. For example, beyond a bare minimum required to survive, the more fish someone is given the more their motivation for and skill at fishing deteriorates, along with their self-esteem and their respect from those around them that work]." - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.41129] Need Area: Money > Income
"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price… The laborer is an entrepreneur in so far as his wages are determined by the price the market allows for the kind of work he can perform. This price varies according to the change in conditions in the same way in which the price of every other factor of production varies… Everybody is eager to charge for his services and accomplishments as much as the traffic can bear. In this regard there is no difference between the workers, whether unionized or not, the ministers and teachers on the one hand and the entrepreneurs on the other hand. Neither of them has the right to talk as if he were Francis d’Assisi!" - Ludwig von Mises
[1881 – 1973], an Austrian-American economist, historian, philosopher, author, and classical liberal who had a significant influence on the modern free-market libertarian movement and the Austrian School of economics. Refer the website [ mises.org ].
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[Quote No.42213] Need Area: Money > Income
"God gives every bird its food, but He does not throw it into its nest! [All but children must work for their 'daily bread'.]" - J. G. Holland
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[Quote No.42277] Need Area: Money > Income
"I learned the value of hard work by working hard!" - Margaret M. Fitzpatrick
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[Quote No.42803] Need Area: Money > Income
"The difference between a job and a career is the difference between forty and sixty hours a week." - Robert Frost
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[Quote No.43089] Need Area: Money > Income
"If you are going to control [and improve] your income, start by controlling [and improving] your emotions [i.e. how you ‘think = imagine + feel’ about the ‘goal’ – money and how you use it, then importantly, how you ‘think = imagine + feel’ about the ‘vehicle’ – your excellence in your work attitudes, skills and knowledge, with particular emphasis on your ‘service to others’ and work productivity]." - Sivaya Subramuniyaswami
(1927–2001), also known as Gurudeva Satguru Sivaya Subramuniyaswami by his followers, was born in Oakland, California, on January 5, 1927, and adopted 'Saivism' as a young man. He traveled to India and Sri Lanka where he received initiation from Yogaswami of Jaffna in 1949. In the 1970s he established a Hindu monastery in Kauai, Hawaii and founded the magazine 'Hinduism Today'. He was one of Saivism's Gurus, the founder and leader of the Saiva Siddhanta Church. Subramuniyaswami was lauded by Klaus Klostermaier as 'the single-most advocate of Hinduism outside India'. [http://www.hinduismtoday.com/modules/smartsection/item.php?itemid=3872 ]
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[Quote No.43243] Need Area: Money > Income
"One of the eternal conflicts out of which life is made up is that between the effort of every man to get the most he can for his services, and that of society, disguised under the name of capital, to get his services for the least possible return." - Justice Oliver Wendell Holmes, Jr.
(1841 - 1935), US Supreme Court Justice, also known as 'The Great Dissenter'. Source: Vegelahn v. Guntner, 167 Mass. 92, 44 N.E. 1077, 1081 (1896) (opinion of the Supreme Court of Massachusetts).
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[Quote No.43257] Need Area: Money > Income
"Your level of income will rarely exceed your level of self-development [that helps you serve more people better - i.e. your productivity. Your level of self-development and productivity is mostly your choice and therefore so is your income level]." - Business Saying
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