Wages have increased, the cost of living has decreased. The job of every man and woman has been made more secure. We have in this short period decreased the fear of poverty, the fear of unemployment, the fear of old age; and these fears that are the greatest calamities of human kind.
About this quote
- What does it mean?
- Wages rose while costs fell, making jobs safer and reducing fears of poverty and aging.
- In plain terms
- Higher wages and lower costs reduced economic fears for workers.
- What can you take from it?
- Secure jobs and stable costs ease human anxiety.
Where it applies
Putting it to work
Questions to consider
- What creates job security?
- How do we reduce fear of poverty?
Another view
This assessment may not reflect conditions for all workers equally.
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