Just a quick thought but Henry Ford may have found a solution to this. It's also (possibly) been shown that Ford simply had data which showed that transaction c

Just a quick thought but Henry Ford may have found a solution to this. It's also (possibly) been shown that Ford simply had data which showed that transaction costs from turnover made the $5 wage worth his while. Ford exhibited other bizarre managerial tics, but the world was new-and-all... Ford's hubris was total vertical integration, but that came later. Detroit is not exactly a worker's paradise today, and few people talk about it... Marx assumed Malthus, and Malthus could not have anticipated the more modern aspects of mass production and mass agriculture.