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Ford claimed his motivation wasn't supply and demand for labour, but a wish that his workers should have been able to buy his product. Worstall says two things
by mjw1007 7y ago
Ford claimed his motivation wasn't supply and demand for labour, but a wish that his workers should have been able to buy his product.
Worstall says two things:
- Ford's claimed motivation makes no sense;
- there is a plausible motivation which does add up to supply and demand for labour.
I claim Worstall is wrong about the former.
I make no claim about what Ford's motivation actually was.
- WalterBright 7y ago> I claim Worstall is wrong about the former. He'd be right. It's not possible to run a successful business by paying people to buy your product. The numbers don't add up.
- icebraining 7y agoFord never said he intended to make money by only selling cars to his employees! Only that the employees should also be able to afford the cars they were producing.
- WalterBright 7y agoI didn't say "only", either.