Famous quote by David Ricardo

"The rise or fall of wages is common to all states of society, whether it be the stationary, the advancing, or the retrograde state"

About this Quote

This quote by David Ricardo is describing the reality that earnings are affected by the state of society, no matter whether it is in a duration of stability, growth, or decrease. He is suggesting that earnings are not necessarily figured out by the state of the economy, however rather by the state of society as a whole. This implies that earnings can be impacted by a variety of elements, such as the accessibility of tasks, the cost of living, and the level of competition in the labor market. Ricardo's quote indicates that wages are not necessarily tied to the state of the economy, but rather to the state of society as a whole. This indicates that earnings can be impacted by a range of aspects, such as the schedule of tasks, the cost of living, and the level of competitors in the labor market. Ultimately, Ricardo's quote is a tip that salaries are affected by the state of society, despite whether it is in a period of stability, growth, or decline.

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About the Author

United Kingdom Flag This quote is from David Ricardo between April 18, 1772 and September 11, 1823. He/she was a famous Economist from United Kingdom. The author also have 26 other quotes.
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