Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Olog-hai

To Big Labor, regarding the Middle Class:

“YOU DIDN’T BUILD THAT”


26 posted on 12/10/2012 5:58:24 PM PST by Zeppelin (Keep on FReepin' on...)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Zeppelin
“When unions get higher wages for their members by restricting entry into an occupation, those higher wages are at the expense of other workers who find their opportunities reduced. When government pays its employees higher wages, those higher wages are at the expense of the taxpayer. But when workers get higher wages and better working conditions through the free market, when they get raises by firm competing with one another for the best workers, by workers competing with one another for the best jobs, those higher wages are at nobody's expense. They can only come from higher productivity, greater capital investment, more widely diffused skills. The whole pie is bigger - there's more for the worker, but there's also more for the employer, the investor, the consumer, and even the tax collector. That's the way the free market system distributes the fruits of economic progress among all people. That's the secret of the enormous improvements in the conditions of the working person over the past two centuries.” ― Milton Friedman, Free to Choose: A Personal Statement
78 posted on 12/10/2012 9:51:53 PM PST by Eric Blair 2084 (I don't always drink beer, but when I do, I prefer to drink a bunch of them. Stay thirsty my FRiends)
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson