Try QuoteGPT
Chat naturally about what you need. Each answer links back to real quotes with citations.
Given that members of strong unions are highly paid, the obvious question is: are they highly paid because their unions are strong, or are their unio… - Milton Friedman
" "Given that members of strong unions are highly paid, the obvious question is: are they highly paid because their unions are strong, or are their unions strong because they are highly paid? Defenders of the unions claim that the high pay of their members is a tribute to the strength of union organization, and that if only all workers were members of unions, all workers would be highly paid. The situation is, however, much more complex. Unions of highly skilled workers have unquestionably been able to raise the wages of their members; however, people who would in any event be highly paid are in a favorable position to form strong unions. Moreover, the ability of unions to raise the wages of some workers does not mean that universal unionism could raise the wages of all workers. On the contrary, and this is a fundamental source of misunderstanding, the gains that strong unions win for their members are primarily at the expense of other workers.
English
Collect this quote
About Milton Friedman
Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.
Biography information from Wikiquote
Also Known As
Alternative Names:
Milton Galbraith Friedman
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Milton Friedman
Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery. The nineteenth century and early twentieth century in the Western world stand out as striking exceptions to the general trend of historical development. Political freedom in this instance clearly came along with the free market and the development of capitalist institutions. So also did political freedom in the golden age of Greece and in the early days of the Roman era.
"Oh, I thought you were trying to build a canal. If it's jobs you want, then you should give these workers spoons, not shovels. [Reply to the government bureaucrat of one Asian country who told him that, reason why there were workers with shovels instead of modern tractors and earth movers at a worksite of a new canal, was that: "You don't understand. This is a jobs program."]"
Works in ChatGPT, Claude, or Any AI
Add semantic quote search to your AI assistant via MCP. One command setup.
"Experience should teach us to be most on our guard to protect liberty when the government's purposes are beneficial. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greater dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding." — Justice Louis Brandeis, Olmstead v. United States, 277 U.S. 479 (1928)
Loading...