"As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century Growth and productivity alone are capable of raising real wages in the long run."
React to this quote
More by Johan Norberg
See allResonant Thoughts
"We have to become aware of what glamour is and what it is not. Glamour is anything that hides the truth from our experience. Are we seeing reality? If so, there is no glamour involved. Or are we seein…"
"And this is without time, that is to say, without before or after in an eternal present, for in the embrace in unity all things have been consummated. And in the out-flowing of love all things are bei…"
Explore Further
Related Quotes
"For me, Donald Trump is an emotional paradox, I'm not gonna lie. Logically, I can process him, emotionally,…"
— Trevor Noah"On my first day of work as a pork butcher the boss showed me a side of meat and said 'just treat the animal…"
— Banksy"When the six-year-old daughter of a friend of mine overheard her father telling someone that I had been awa…"
— Nadine Gordimer"What a jolly awakening there will be some few years hence, when the inevitable argument of experience will …"
— Leonard H. Courtney"Just before twenty-first March, 1953, seven days before, I stopped working on myself. A moment comes when y…"
— Rajneesh"Doubtless the day is far in the future when we shall be able to solve such historical enigmas."
— June Downey