Skip to main content

Leadership Quote by Tim Bishop

"Inflation outstripped real wages for people who work for pay from others"

About this Quote

Inflation, in Bishop's telling, isn't a weather system; it's a policy-made headwind that hits one group in particular: people who live on wages instead of assets. The phrasing "people who work for pay from others" is doing quiet ideological work. It's plainspoken on the surface, almost clunky, but that awkwardness signals a deliberate populist alignment with employees, not employers, not investors, not the self-styled "job creators". He's naming a dependency relationship - your paycheck is determined by someone else's decision - and making it the moral center of the problem.

The line also smuggles in an argument about power. "Outstripped" implies a race where one runner (prices) is sprinting and the other (wages) is stuck in molasses, which neatly captures the lived experience of a cost-of-living crunch: you can work just as hard and still fall behind. It's an indictment without a villain named, a useful move for a politician who wants the audience to fill in the blanks (corporate pricing, weak unions, an indifferent Fed, austerity politics) without triggering instant partisan recoil.

Contextually, it's a snapshot of the post-1970s bargain breakdown, sharpened by any moment when gasoline, rent, or groceries spike and "economic growth" stops translating into felt security. Bishop's intent is less to diagnose inflation than to reframe it: not an abstract macro problem, but a fairness problem with a clear constituency and an implied demand for wage growth, labor leverage, or targeted relief.

Quote Details

TopicMoney
More Quotes by Tim Add to List
Inflation Outstrips Real Wages - Tim Bishop
Click to enlarge Portrait | Landscape

About the Author

USA Flag

Tim Bishop (born June 1, 1950) is a Politician from USA.

26 more quotes available

View Profile

Similar Quotes

Thomas Sowell, Economist
Thomas Sowell
Milton Friedman, Economist