Quote by Harold Wilson

One man's wage rise is another man's price increase.

One man's wage rise is another man's price increase.

Summary

This quote expresses the idea that the increase in wages for one person may result in higher prices for others. It highlights the interconnectedness of different individuals and their economic circumstances. When employers raise wages for their employees, they often pass on the additional expenses to consumers by raising prices for goods or services. Therefore, while a wage rise may be beneficial for those directly receiving higher pay, it can potentially lead to increased costs for others in the economy.

Topics

Money

By Harold Wilson

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