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>> I think this is a genius move for Airbnb. Make it easier for _other_ companies to operate in a similar way so that _their_ employees can travel and live in a
by lovemenot 4y ago
>> I think this is a genius move for Airbnb. Make it easier for _other_ companies to operate in a similar way so that _their_ employees can travel and live in an... Airbnb!
Yes. Like the story of Ford doubling the wages it paid to factory workers in 1920s. So that those workers could afford a car, and the whole economy eventually followed suit.
- Kbelicius 4y agoThat story isn't true. The reason why wages/bonuses were raised/introduced by Ford is because of turnover.
- gowld 4y agoWhat's the difference?
- lovemenot 4y agoI get that this story may be apocryphal, but if so it is surely widely disseminated by now. I even wondered about factuality as I wrote my comment, yet I knew of no evidence to the contrary. You didn't provide any substantial counterpoint. So what was the point you were making?
- Kbelicius 4y ago>I get that this story may be apocryphal, but if so it is surely widely disseminated by now. I even wondered about factuality as I wrote my comment, yet I knew of no evidence to the contrary. You'd be hard pressed to provide a search pattern in any search engine that would provide a top 5 result that isn't about Ford wage raises in 1914 being about anything else than worker retention. > You didn't provide any substantial counterpoint. So what was the point you were making? Nor did you provide any substantial point. What is it with double standards today? My point was that you are spreading falsehoods.
- lovemenot 4y agoBoth reasons are in fact correct, but only one person here is accusing the other of being wrong and spreading lies. Please be more circumspect in your language. https://www.saturdayeveningpost.com/2014/01/ford-doubles-minimum-wage/ https://www.saturdayeveningpost.com/2014/01/ford-doubles-min... Higher wages were necessary, Ford realized, to retain workers who could handle the pressure and the monotony of his assembly line. In January of 1914, his continuous-motion system reduced the time to build a car from 12 and a half hours to 93 minutes. But the pace and repetitiveness of the jobs was so demanding, many workers found themselves unable to withstand it for eight hours a day, no matter how much they were paid. But Ford had an even bigger reason for raising his wages, which he noted in a 1926 book, Today and Tomorrow. It’s as a challenging a statement today as it as 100 years ago. “The owner, the employees, and the buying public are all one and the same, and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers. One’s own employees ought to be one’s own best customers.”