"If you pay peanuts, you get monkeys"
About this Quote
Goldsmith, a corporate raider-era businessman, is speaking from a world where labor is a line item and performance is a dividend. In that context, the quote reads less like solidarity with workers and more like a warning to fellow bosses: cheap staffing is a false economy. It's a pro-market argument for paying more, but not because workers deserve dignity; because the product, service, or operation will suffer if you treat talent as disposable.
The subtext is transactional to the bone. People become inputs; pay becomes bait; competence becomes a purchasable commodity. There's also a quiet absolution embedded in it: if the work is bad, the employer can say, essentially, "We got what we paid for", as if low wages were an uncontrollable fact rather than a deliberate policy.
Its endurance comes from its cynical efficiency. It flatters the listener's sense of hard-nosed practicality while normalizing a worldview in which respect is inseparable from compensation - and those who take less are fair game for contempt.
Quote Details
| Topic | Management |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Goldsmith, James. (2026, January 15). If you pay peanuts, you get monkeys. FixQuotes. https://fixquotes.com/quotes/if-you-pay-peanuts-you-get-monkeys-170922/
Chicago Style
Goldsmith, James. "If you pay peanuts, you get monkeys." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/if-you-pay-peanuts-you-get-monkeys-170922/.
MLA Style (9th ed.)
"If you pay peanuts, you get monkeys." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/if-you-pay-peanuts-you-get-monkeys-170922/. Accessed 11 Feb. 2026.








