Thursday, August 18, 2022

"The wealth of

 

Nations."

Adam Smith 1776


"High profits tend much more to raise the price of work than high wages," 

Smith argued. 

“Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price...

They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people."

Yup...

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