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post #1 of 5 (permalink) Old 12-16-2010, 09:35 PM Thread Starter
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great article on the economy

Special Report: Is America the sick man of the globe? | Reuters

In 1914 Ford Motor Co founder Henry Ford had instituted a daily wage of $5 for workers -- more than doubling their wages -- to reduce turnover and enable workers to afford the cars they made.

In his 1922 book "My Life and Work" Ford, who was staunchly anti-union, dismissed the notion this was an act of charity. "We wanted to pay these wages so that the business would be on a lasting foundation," he wrote. "A low wage business is always insecure."
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post #2 of 5 (permalink) Old 12-16-2010, 11:49 PM
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That was a good article...thanks for posting. Having grown up in Southeastern Michigan in the 70's/80's, I remember when the automotive industry was booming, and it clearly showed in that area - it was a vibrant time. The last time I went back for a visit in 2001, I was shocked at the Detroit area...it is abysmal how that area has changed for the worse, and a lot in-part due to the drastic changes in the automotive industry. It's sad to say the least.

On a positive note, I remember doing a paper on Henry Ford in one of my business classes and it's too bad a lot of that asymmetric business sense he had hasn't rubbed off on the rest of the Ford family...
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post #3 of 5 (permalink) Old 12-17-2010, 01:45 AM
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Ford believed that anybody who worked for him should be able to afford to buy one of his vehicles. that was one of the company's guiding principles.
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post #4 of 5 (permalink) Old 12-20-2010, 02:00 PM
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You will find via science that everything peaks and declines. Historically throughout civilization this is also very apparently true. I'm afraid you are right Snowwolf and we have just started down the massive slope of decline.

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