1,161 Quotes About Economics

The source of tolerance is the recognition that none of us have the absolute truth. There can be no tolerance without humility.

It took organized labor and the collective action of workers to make full-time employment in the semi-automated world of industrial manufacturing inhabitable. Unfortunately, the valorization and validation of full-time employment also made it easier for corporate interests to position piecework and, later, other forms of temporary or contract labor as expendable, that is, work that did not warrant protections.

When industries fixate on automating jobs away, they paradoxically spoke demand for ghost work, shredding the social contract between employer and worker in their wake.

Your talent is any capability which creates economic value for an organization’s customer or shareholder.

when the case for reorganization isn’t appreciable and well-accepted, the psychological cost paid by the continuing many, could easily dwarf the economic costs saved through the departing few

A micro-task is best described as a task which is simple, repetitive or highly algorithmic in nature. Each executed task lasts between a few minutes to a few hours, and this short life-cycle ensures that a task can be contracted, completed and paid for expeditiously, often within the transaction window itself

acknowledging the relative and emotive nature of ‘worth’, a fair wage is nothing but an economic and emotional threshold at which an individual no longer worries about immediate financial security. It is the point at which the focus shifts from the pay, to the work itself

Die meisten Menschen stellen sich unter der Wirtschaftswissenschaft nur Geld vor, aber die Wirtschaftswissenschaftler sagen, dass sie eigentlich untersuchen, wie Menschen Entscheidungen treffen, die zu bevorzugten Ergebnissen führen.

We cling to the comfort of a middle class, forgetting that there can't be a middle class without a lower.