That belief about Henry Ford is a myth. It doesn't even pass the smell test, if a company is only selling to their own workers they can never make a profit (not

That belief about Henry Ford is a myth. It doesn't even pass the smell test, if a company is only selling to their own workers they can never make a profit (note that any company, even a large one like Ford or Amazon, is different from an entire economy). Ford raised wages and cut hours because his annual turnover was 300%. He ended up making more money through savings in hiring and training costs and workers staying long enough to gain experience. In a way it was an expression of worker power. Which only applies because workers are humans, robots don't get tired, they don't have feelings, they don't leave for a competitor paying more. The best ones are more expensive than humans right now, but robots get cheaper over time. Ideally we don't want human labor to get cheaper over time.