Quote by David Ricardo

There can be no rise in the value of labour without a fall of profits.

There can be no rise in the value of labour without a fall o

Summary

This quote suggests that the value of labor cannot increase without leading to a decrease in profits. It implies that there is an inverse relationship between labor value and profit levels. If the value of labor (such as wages or benefits) increases, it suggests that profits, which represent the financial gains made by businesses, would have to decline. This statement points out that there tends to be a trade-off between the interests of labor and profit, with improvements for one often seemingly disadvantageous for the other.

Topics

Finance

By David Ricardo

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