quote:

ORIGINAL: Fellow

quote:

The higher wage Ford offered made the jobs much more attractive. Morale shot up, employee turnover sharply dropped, and, most important from management's perspective, productivity surged. Henry Ford was on his way to being a billionaire."


Who can afford to buy the goods? Anyone who's talents and abilities earn them a wage that will allow them to afford it.

Thanks for pointing out my misinterpretation. Still, the higher wages certainly had general beneficial (side) effects to the community as a whole. Actual manual labor in making things is rather small percentage of the cost. I heard a number ~10% for car manufacturing (I am not sure about the correctness here). I think the corporations push wages down unreasonably too far (greed knows no boundaries). As talents and abilities are concerned, the possibilities are limited. How many celebrity bloggers, dog psychologists, credit monitors and so on we need? The trend is clearly visible: the increasing number of "have nots".