One man’s wage increase is another man’s price increase.
Meaning of the quote
When a worker's pay goes up, the business that employs them often has to charge more for their products or services to cover the increased cost. This means that while one person may be earning more, someone else has to pay more for the things they buy. The relationship between wages and prices is like two sides of the same coin - one side can't change without affecting the other.
About Harold Wilson
Harold Wilson was a British statesman and Labour Party politician who served as Prime Minister of the United Kingdom twice, from 1964 to 1970 and again from 1974 to 1976. He led the Labour Party through several key issues, including the role of public ownership, Britain’s membership in the European Communities, and British involvement in the Vietnam War.
More quotes from Harold Wilson
One man’s wage increase is another man’s price increase.
British politician (1916-1995)
This Party is a moral crusade or it is nothing.
British politician (1916-1995)
We are redefining and we are restating our socialism in terms of the scientific revolution.
British politician (1916-1995)
I’m at my best in a messy, middle-of-the-road muddle.
British politician (1916-1995)
He who rejects change is the architect of decay. The only human institution which rejects progress is the cemetery.
British politician (1916-1995)
If I had the choice between smoked salmon and tinned salmon, I’d have it tinned. With vinegar.
British politician (1916-1995)
I’m an optimist, but an optimist who carries a raincoat.
British politician (1916-1995)
Given a fair wind, we will negotiate our way into the Common Market, head held high, not crawling in. Negotiations? Yes. Unconditional acceptance of whatever terms are offered us? No.
British politician (1916-1995)
Whichever party is in office, the Treasury is in power.
British politician (1916-1995)
A week is a long time in politics.
British politician (1916-1995)
I believe the greatest asset a head of state can have is the ability to get a good night’s sleep.
British politician (1916-1995)
The monarchy is a labor intensive industry.
British politician (1916-1995)
Everybody should have an equal chance – but they shouldn’t have a flying start.
British politician (1916-1995)
The main essentials of a successful prime minister are sleep and a sense of history.
British politician (1916-1995)