Labor is like any other commodity in the market - increase the demand for it and you increase the price of it. Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.
Abraham LincolnRelated topics
black commodity country demand increase labor laborer market price reduce supply wages whiteRelated quotes
Two forces are emerging that will moot global warming. First, the end of the population explosion will, over the decades, reduce the increases in demand for just about everything. Second, the increase in the cost of both finding and using hydrocarbons will increase the hunger for alternatives.
George Friedman
Black professors make more than white professors. That's because we are in demand. I'll tell you, give me two blacks in institutions of higher learning, one has a Ph.D. from an elite institution and has a certain publication record. You give me a white scholar with the same credentials, and I will take that black scholar.
William Julius Wilson
Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.
David Ricardo
