Famous quote by William Graham Sumner

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Moreover, there is an unearned increment on capital and on labor, due to the presence, around the capitalist and the lab
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"Moreover, there is an unearned increment on capital and on labor, due to the presence, around the capitalist and the laborer, of a great, industrious, and prosperous society"

- William Graham Sumner

About this Quote

This quote by William Graham Sumner is describing the idea of an "unearned increment" which is an advantage that is acquired with no effort or expense. Sumner is recommending that both capital and labor gain from the existence of a flourishing society. This indicates that the presence of a successful and productive society can lead to an increase in the worth of capital and labor, without any additional effort or cost. This boost in value is an unearned increment, and it is because of the existence of a successful society. Sumner is suggesting that this unearned increment is beneficial to both capital and labor, and it is an outcome of the existence of a thriving society.

About the Author

USA Flag This quote is written / told by William Graham Sumner. He/she was a famous Businessman from USA. The author also have 30 other quotes.

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