As a result of this continuous improvement of productivity … - Johan Norberg

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As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century [....] Growth and productivity alone are capable of raising real wages in the long run.

Johan Norberg

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About Johan Norberg

Johan Norberg (born 1973) is a Swedish writer devoted to promoting globalisation and individual liberty.

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Originators like Johan Norberg:

John Komlos Milton Friedman Ludwig von Mises Thomas Piketty Jason Hickel

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Ett annat Sverige är möjligt (2006), p. 18

In the affluent world we have had capitalism in one form or another for a couple of centuries. That is how countries of the West became "the affluent world." Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating preosperity.

Since 1965 [....] the richest fifth of the world's population increased its average income by 75 percent. For the poorest fifth of the world's population, the increase has been faster still, with average incomes more than doubling during the same period.

As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth a… - Johan Norberg

About Johan Norberg

Additional quotes by Johan Norberg