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> For one thing, Ford's logic is quite sound precisely because he's the only one raising wages. Except that the rest of the industry followed suit as well, whi
by srfilipek 7y ago
> For one thing, Ford's logic is quite sound precisely because he's the only one raising wages.
Except that the rest of the industry followed suit as well, which, by your logic, should have nullified any advantage.
But it didn't.
There are other points to the article that naysayers completely miss (because it disagrees with their set-in-stone world view, it seems). Well paid workers, even if common across the entire industry, have multiple benefits. They are more motivated, more productive, and at a larger economic scale they have more buying power to actually purchase things being produced.
- 50656E6973 7y ago>Except that the rest of the industry followed suit as well How long did it take for the rest of them to follow suit, and was it just the automotive industry, or the entire market that did so?
- deleted 7y ago[deleted]
- srfilipek 7y ago> was it just the automotive industry, or the entire market that did so? Ford basically started the trend that would create the middle class in the US at large (somewhat arguable, but commonly attributed to him and this decision).