1028: Henry Hazlitt – How to Increase Wages

F1028: Henry Hazlitt - Increase Wages
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity. The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
Real wages come out of production, not out of government decrees. The best way to raise wages, therefore, is to raise marginal labor productivity. The more the individual worker produces, the more he increases the wealth of the whole community. The more he produces, the more his services are worth to consumers, and hence to employers. And the more he is worth to employers, the more he will be paid. —Henry Hazlitt
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