The capitalist is an unworthy citizen who pays the efficient man no more than he has been content to pay the average man, and nevertheless reduces the wage of the average man
 Theodore Roosevelt, Theodore Roosevelt; an Autobiography (1913). copy citation

Context

“There should be an increased wage for the worker of increased productiveness. Everything possible should be done against the capitalist who strives, not to reward special efficiency, but to use it as an excuse for reducing the reward of moderate efficiency. The capitalist is an unworthy citizen who pays the efficient man no more than he has been content to pay the average man, and nevertheless reduces the wage of the average man; and effort should be made by the Government to check and punish him. When labor-saving machinery is introduced, special care should be taken—by the Government if necessary—to see that the wage-worker gets his share of the benefit, and that it is not all absorbed by the employer or capitalist.” source