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I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.
John Howard
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Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.
Stephen F. Lynch
Why, then, should we have to lower our living standards? What is the mysterious source of the economic loss? If productivity is increasing, why should we sacrifice services and wages?
Robert Kuttner
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
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In economic panics throughout history, the wiping out of the savings accounts of lower earners and the middle class has often led to social revolution, sometimes violent upheavals.
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Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.
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