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Joseph Stiglitz Quotes: Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.
         

Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.


Joseph Stiglitz
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Other quotes of Joseph Stiglitz


International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.



Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.



It is trust, more than money, that makes the world go round.

It is trust, more than money, that makes the world go round.



There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.



What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.

What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.



American inequality didn't just happen. It was created.

American inequality didn't just happen. It was created.



The problem is a lot of what is called economics is not economics. It is more ideology or religion.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.



Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.



The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.

The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.



In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.





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Quote Description


This page presents the quote "Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.". Author of this quote is Joseph Stiglitz. This quote is about poor people, problem, minimum wage, people, wages,.