Wage Earners and Employers - Ludwig von Mises - Mises Institute

Wage Earners and Employers - Ludwig von Mises - Mises Institute: "In the market economy, the only way left to the more gifted individuals to take advantage of their superior abilities is to serve the masses of their fellowmen.

Profits go to those who succeed in filling the most urgent of the not-yet-satisfied wants of the consumers in the best-possible and cheapest way. The profits saved, accumulated, and plowed back into the plant benefit the common man twice: first, in his capacity as a wage earner, by raising the marginal productivity of labor and thereby real wage rates for all those eager to find jobs; then later again, in his capacity as a consumer when the products manufactured with the aid of the additional capital flow into the market and become available at the lowest possible prices."