A point he merely skimmed was that Ford did seek out the best talent (and presumably fired people if they turned out not to be the best). Paying people very hi

A point he merely skimmed was that Ford did seek out the best talent (and presumably fired people if they turned out not to be the best). Paying people very high wages (he says) retains the best talent, which turns out to be a really good investment. The businesses he mentions that overpay mediocre engineers presumably aren't good at finding the best talent, nor at firing talent that turns out not to be good. At least, that's how I read it.