Work Incentives Quotes & Sayings

The Chinese Communist Party has seen fit to protect most property rights because it recognizes that it has a self-interest in doing so. But the party faces no legal constraints other than its own internal political controls if it decides to violate property rights. Many peasants find their land coveted by municipal authorities and developers who want to turn it into commercial real estate, high-density housing, shopping centers, and the like, or else into public infrastructure like roads, dams, or government offices. There are large incentives for developers to work together with corrupt local officials to illegally take land away from peasants or urban homeowners, and such takings have been perhaps the largest single source of social discontent in contemporary China.33 — Francis Fukuyama

The challenge here is to design a system where market incentives, including profits and recognition, drive those principles to do more for the poor. I like to call this idea creative capitalism, an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world's inequities. — Bill Gates

The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism; some perilous like collective loyalty; some intolerable, like coercion or oppression. — Arthur Melvin Okun

Call it what you will, incentives are what get people to work harder. — Nikita Khrushchev

Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth. — Lawrence Kudlow

I love the ability to work with very good managers, and to provide the right incentives for them, and truly become a partner with that management, and make that management take a long view. — Henry Kravis

Economic growth springs not chiefly from incentives - carrots and sticks, rewards and punishments for workers and entrepreneurs. The incentive theory of capitalism allows its critics to depict it as an inhumane scheme of clever manipulation of human needs and hungers scarcely superior to the more benign forms of slavery. Wealth actually springs from the expansion of information and learning, profits and creativity that enhance the human qualities of its beneficiaries as it enriches them. Workers' learning increasingly compensates for their labor, which imparts knowledge as it extracts work. Joining knowledge and power, capitalism focuses on the entropy of human minds and the benefits of freedom. Thus it is the most humane of all economic systems. — George Gilder

The problem is that while some incentives are obvious, many aren't. And simply asking people what they want or need doesn't necessarily work. Let's face it: human beings aren't the most candid animals on the planet. We'll often say one thing and do another - or, more precisely, we'll say what we think other people want to hear and then, in private, do what we want. In economics, these are known as declared preferences and revealed preferences, and there is often a hefty gap between the two. — Anonymous

It is a libel to suggest that children need rewards for attending to tasks, apart from intrinsic interest and satisfaction. Children work very hard in their purposeful endeavors in the world, when they have ends they want to accomplish themselves. It is meaningless teaching, not learning, that demands irrelevant incentives. — Frank Smith

The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it would otherwise be. On net balance there is more poverty rather than less. — Henry Hazlitt

The best design work is really done when you spend more time with people, when you have the opportunity to be of the same mindset and the same incentives as the founder of the business. — Yves Behar

Government relief tends constantly to get out of hand. And even when it is kept within reasonable bounds it tends to reduce the incentives to work and to save both of those who receive it and of those who are forced to pay it. It may be said, in fact, that practically every measure that governments take with the ostensible object of 'helping the poor' has the long-run effect of doing the opposite. — Henry Hazlitt

I am not somebody who just says let's beat up on the bad guys. No. I want to summon the good guys and give people the incentives and opportunities to actually grow this economy, put more people to work, get the middle class really feeling like they're back in business. — Hillary Clinton

The tragedy of government welfare programs is not just wasted taxpayer money but wasted lives. The effects of welfare in encouraging the break-up of low-income families have been extensively documented. The primary way that those with low incomes can advance in the market economy is to get married, stay married, and work - but welfare programs have created incentives to do the opposite. — Michael Tanner

People from both political parties have long recognized that welfare without work creates negative incentives that lead to permanent poverty. It robs people of self-esteem. — Mitt Romney

A slave lacks incentives; for him it is better to work slowly and badly, since his effort benefits only the master, but free people work hard to save and get ahead,, that is their incentive. — Isabel Allende

This figuring-out step is crucial, since overly optimistic economic models have often assumed that demand and incentives are enough to stimulate the production of any product. Incentives work to motivate intermediaries and traders, but makers, who are the ones that provide the substance of what is traded, need more than an incentive to make something. They need to know how to do it. — Cesar Hidalgo

Go Daddy is not just a job; it's a way of life. Our employees work hard, and offering great incentives is fun and productive for the company. — Bob Parsons

A paycheck is a sufficient impetus to motivate some employees to do the minimum amount to get by, and for others, the challenge of getting ahead in the organization provides a satisfactory focus for a while. But these incentives alone are rarely strong enough to inspire workers to give their best to their work. For this a vision is needed, an overarching goal that gives meaning to the job, so that an individual can forget himself in the task and experience flow without doubts or regrets. The most important component of such a vision is an ingredient we call soul. — Mihaly Csikszentmihalyi

Incentives are spurs that goad a man to do what he doesn't particularly like, to get something he does particularly want. They are rewards he voluntarily strives for. — Paul G. Hoffman

This position will not be disputed, so long as it is admitted that the desire of reward is one of the strongest incentives of human conduct, or that the best security for the fidelity of mankind is to make their interest coincide with their duty. Even the love of fame, the ruling passion of the noblest minds ... would on the contrary deter him from the undertaking, when he foresaw that he must quit the scene before he could accomplish the work ... — Alexander Hamilton

What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax. — Arthur Laffer

Indeed, the very premise of extrinsic incentives is that we'll always respond rationally to them. But even most economists don't believe that anymore. Sometimes these motivators work. Often they don't. And many times, they inflict collateral damage. In short, the new way economists think about what we do is hard to reconcile with Motivation 2.0. — Daniel H. Pink

To function as an actress, I have to be in love. I have to have that incentive to work. — Jayne Mansfield

The eligibility for food stamps has widened and widened; welfare has been widened - unemployment insurance and disability insurance. These are all incentives not to work. — Lawrence Kudlow

Although traditional incentives such as bonuses or recognition can prod people to better performance, no external motivators can get people to perform at their absolute best ... Wherever people gravitate within their work roles, indicates where their real pleasure lies - and that pleasure is itself motivating. — Daniel Goleman

We need to give people more of an incentive to work, to save, to invest, to create a true future for themselves. — Suze Orman

when we have no memory or little imagination of an alternative to a life centered on work, there are few incentives to reflect on why we work as we do and what we might wish to do instead. — Kathi Weeks

The strategy for the discoverers and entrepreneurs is to rely less on top-down planning and focus on maximum tinkering and recognizing opportunities when they present themselves. So I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can. — Nassim Nicholas Taleb

Supply-side economists argue that because lower tax rates allow everyone in the private sector to keep more of what they earn, tax relief provides citizens with strong incentives to work longer hours (thus increasing labor), to save and invest more of their income (thus increasing capital), and to devote more attention to innovation of all kinds (thus increasing efficiency, or TFP). — David A. Moss

When I was a child and teenager I read whenever I had the opportunity, but since then I've found it hard to read as much as I'd like, children, work, and pets all providing powerful incentives to escape into a book and a practical reason why I rarely do so. — Louise Brown

Tax rates aren't everything with regard to incentives to work. I would probably work at a 100% tax rate next to a nude modeling studio. I'm joking, but you know what I'm saying. There's a lot more to it than just tax rates. It's economics that I do; I don't do nude modeling studio economics. People do respond to taxes. — Arthur Laffer

I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill. — Nassim Nicholas Taleb

Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work. — Martin Feldstein

What is clear is that business leaders must commit to champion change - to be transparent about their goals for change, to align their incentives systems to drive the change, and to make sure their work environments are flexible in a way that allows men and women who choose to work to be able to achieve all of their potential. — Beth Brooke

The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don't see how our conflicts of interest work on us. — Dan Ariely

Other and more powerful forms of association have existed, but the major moral and psychological influences on the individual's life have emanated from the family and local community and the church. Within such groups have been engendered the primary types of identification: affection, friendship, prestige, recognition. And within them also have been engendered or intensified the principal incentives of work, love, prayer, and devotion to freedom and order. — Robert A. Nisbet

I understand how difficult it can be for an African-American in today's society. In fact, I can relate to black people very well indeed. My ancestors once owned slaves, and it is in my lineage to work closely with the black community. However, just because they were freed over a century ago doesn't mean they can now be freeloaders. They need to be told to work hard, and the incentives just aren't there for them anymore. When I'm president I plan to work closely with the black community to bring a sense of pride and work ethic back into view for them. — Mitt Romney