Productivity Quotes
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Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.
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Our goal is for our kids to be intentional about everything they do --- to reject passivity and mindless consumption and to embrace an ethos of action, of productivity, of meaningful work, of genuinely lifelong learning.
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We should know why paternalism, collectivism, or unnecessary federal supervision will hold our standard of living down and reduce productivity just as it has in every country where it has been tried. We should also know why the communist leaders consider socialism the highroad to communism.
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Don't argue for other people's weaknesses. Don't argue for your own. When you make a mistake, admit it, correct it, and learn from it / immediately.
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In the decade ahead I can predict that we will provide over twice the productivity improvement that we provided in the '90s.
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You don't try to have the very lowest cost of an asset. You try to have the right asset. So rather than thinking about the lowest cost, the question is how do you get the best productivity.
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At work, conversation increases productivity. And yet people go into work, put on their headphones. In one interview, somebody called it - they become pilots in their own cockpits.
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If we boost productivity, we can improve economic growth.
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The experience of the past lives little doubt that every economic system must sooner or later rely upon some form of the profit motive to stir individuals and groups to productivity. Substitutes like slavery, police supervision, or ideological enthusiasm prove too unproductive, too expensive, or too transient.
