Janet Chang
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Janet Chang said:
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As an immigrant from Thailand who has built a successful career in business here in the United States, I've always been fascinated by the power of economics to shape societies and bridge cultural divides. Hendrith Vanlon Smith Jr.'s "Principles of a
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“We must realize—and act on the realization—that if we try to focus on everything, we focus on nothing.”
― Measure What Matters
― Measure What Matters
“When unions get higher wages for their members by restricting entry into an occupation, those higher wages are at the expense of other workers who find their opportunities reduced. When government pays its employees higher wages, those higher wages are at the expense of the taxpayer. But when workers get higher wages and better working conditions through the free market, when they get raises by firm competing with one another for the best workers, by workers competing with one another for the best jobs, those higher wages are at nobody's expense. They can only come from higher productivity, greater capital investment, more widely diffused skills. The whole pie is bigger - there's more for the worker, but there's also more for the employer, the investor, the consumer, and even the tax collector.
That's the way the free market system distributes the fruits of economic progress among all people. That's the secret of the enormous improvements in the conditions of the working person over the past two centuries.”
― Free to Choose: A Personal Statement
That's the way the free market system distributes the fruits of economic progress among all people. That's the secret of the enormous improvements in the conditions of the working person over the past two centuries.”
― Free to Choose: A Personal Statement
“For example, the supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number--for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs--jobs that will mean more goods and services to consume.”
― Free to Choose: A Personal Statement
― Free to Choose: A Personal Statement
“When people have conflicting priorities or unclear, meaningless, or arbitrarily shifting goals, they become frustrated, cynical, and demotivated.”
― Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs
― Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs
“If you have to compete based on capital, the giant always wins. If you can compete based on smarts, flexibility, and willingness to give more for less, then small companies like Bloomberg clearly have an advantage.”
― Bloomberg by Bloomberg
― Bloomberg by Bloomberg
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