Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances. (Eric Wolf)

Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.

Related topics

ability capitalist changing contrast fire hire labor owner slave times wages circumstances

Related quotes

I've said consistently that no employer ever really accepts a union. They tolerate the unions. The very minute they can get a pool of unemployment they'll challenge the unions and try to get back what they call managements prerogatives, meaning hire, fire, pay what you want.

Jimmy Hoffa

In a battle, as in a siege, the art consists in concentrating very heavy fire on a particular point. The line of battle once established, the one who has the ability to concentrate an unlooked for mass of artillery suddenly and unexpectedly on one of these points is sure to carry the day.

Napoleon Bonaparte

There is no intrinsic worth in money but what is alterable with the times, and whether a guinea goes for twenty pounds or for a shilling, it is the labor of the poor and not the high and low value that is set on gold or silver, which all the comforts of life must arise from.

Bernard Mandeville

People talk about that catch and, I've said this many times, that I've made better catches than that many times in regular season. But of course in my time, you didn't have a lot of television during the regular season. A lot of people didn't see me do a lot of things.

Willie Mays

We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labor that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories.

Cecil Rhodes