Quotation of the Day…

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… is from page 60 of the 2006 Liberty Fund edition of Ludwig von Mises’s 1956 volume, The Anti-capitalistic Mentality (available free-of-charge on-line here):

Neither does the wage earner depend on the employer’s arbitrariness. An entrepreneur who fails to hire those workers who are best fitted for the job concerned and to pay them enough to prevent them from taking another job is penalized by a reduction of net revenue. The employer does not grant to his employees a favor. He hires them as an indispensable means for the success of his business in the same way in which he buys raw materials and factory equipment. The worker is free to find the employment which suits him best.

DBx: Mises was born on this date, September 29th, in 1881.