Quote from: Life Topic

Declining productivity and quality means your unit production costs stay high but you don't have as much to sell. Your workers don't want to be paid less, so to maintain profits, you increase your prices. That's inflation.


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Author Bio


  • NameW. Edwards Deming
  • DescriptionAmerican professor, author, and consultant
  • BornOctober 14, 1900
  • DiedDecember 20, 1993
  • CountryUnited States Of America
  • ProfessionIndustrial Engineer; Statistician; Composer; Engineer; Japon
  • AwardsNational Medal Of Technology And Innovation; Wilks Memorial Award