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The article notes that he did this to stop turnover. Business does not have a turn over problem today. It's amazing how people can read an article and get something out of it that isn't even there or post an article and make unrelated rants.
Quote:
Regardless, it worked.
Thousands of people immediately lined up to get jobs at Ford (F). Employee turnover plummeted, and recruiting and training costs dropped. The new wages allowed Ford employees to live middle-class lives, instead of being poor. And it presumably made Ford, Ford's senior executives, and Ford's shareholders even more proud of what they had created.
That is what stood out. It is in direct opposition to not raising the minimum wage and all of the middle class worker attacks by the right wing. Workers have been demonized, OMG even teachers and fire fighters are under siege. I boycott $hit from China...do you? I see people on CD singing the praises of companies like Walmart as if Walmart fits the description of what Ford envisioned for his workers. What you took away from the article was not it's main point.
I think the point that the article is making and what was so successful for Ford is evident in the last line of the article...
In short, instead of viewing "shareholders" and "customers" as the only two corporate constituencies that matter, Ford introduced the idea that great companies should also serve a third constituency: Employees.
That is what stood out. It is in direct opposition to not raising the minimum wage and all of the middle class worker attacks by the right wing. Workers have been demonized, OMG even teachers and fire fighters are under siege. I boycott $hit from China...do you? I see people on CD singing the praises of companies like Walmart as if Walmart fits the description of what Ford envisioned for his workers. What you took away from the article was not it's main point.
I doubt this will go very far. Someone asked you how much you pay your employee's with the obvious reference being that you have no clue how employment works.
You don't completely boycott $hit from China or you would have nothing. An employer can not simply decide to double wages. We have competition with China and India. We struggle to compete the way it is. Many of our customers are in China and India as it's cheaper for them to manufacture there.
You act like wages can just be raised in a vacuum also. They can not. Wages go up, prices go up. It's a wash. You realize that Ford's are no longer $240 right?
As your article notes, Ford increased wages to cut his costs. One more time. He did it to cut his costs. As I noted, turnover is no longer a problem. You can't use what was done to solve a problem to solve a completely different problem. If a manufacturer today doubles their wages, they get crushed by China. Out of business and then there is no job.
One of the main things Obama ran on was the idea that he would address the tax structure to make it not so tempting for business to move off shore. He completely forgot about that once he won. This is one area I agreed with him on and hoped he would pursue but he has been bitterly dissapointing here.
I doubt this will go very far. Someone asked you how much you pay your employee's with the obvious reference being that you have no clue how employment works.
You don't completely boycott $hit from China or you would have nothing. An employer can not simply decide to double wages. We have competition with China and India. We struggle to compete the way it is. Many of our customers are in China and India as it's cheaper for them to manufacture there.
You act like wages can just be raised in a vacuum also. They can not. Wages go up, prices go up. It's a wash. You realize that Ford's are no longer $240 right?
As your article notes, Ford increased wages to cut his costs. One more time. He did it to cut his costs. As I noted, turnover is no longer a problem. You can't use what was done to solve a problem to solve a completely different problem. If a manufacturer today doubles their wages, they get crushed by China. Out of business and then there is no job.
One of the main things Obama ran on was the idea that he would address the tax structure to make it not so tempting for business to move off shore. He completely forgot about that once he won. This is one area I agreed with him on and hoped he would pursue but he has been bitterly dissapointing here.
There are many websites that offer Made in The USA if people have the social conscience and care to research them. I buy mostly organic products from the USA and fair trade companies. If there are things that are impossible to get that are manufactured here it is because dumbed down Americans do not demand better. These people make it vurtually impossible for the rest of us that do understand the problem. They're just thrilled and drooling with delight to get stuff on the cheap without one thought to why it's so cheap and how in the long run it undermines all of us.
Again the point is that the trickle down crap has proven a failure...over and over again. Without a strong, prosperous and thriving middle class, the USA is no longer a great place. We are no longer the nation which affords the best upward mobility as compared to other countries.
There are many websites that offer Made in The USA if people have the social conscience and care to research them. I buy mostly organic products from the USA and fair trade companies. If there are things that are impossible to get that are manufactured here it is because dumbed down Americans do not demand better. These people make it vurtually impossible for the rest of us that do understand the problem. They're just thrilled and drooling with delight to get stuff on the cheap without one thought to why it's so cheap and how in ther long run it undermines all of us.
So then, you agree that a business can not simply double their costs here and compete when there are a large percentage of people that will just buy the cheaper item.
Again the point is that the trickle down crap has proven a failure...over and over again. Without a strong, prosperous and thriving middle class, the USA is no longer a great place. We are no longer the nation which affords the best upward mobility as compared to other countries.
This is an entirely different argument. Trickle down does not work when the government employs it. As we see in the Ford example, it does when a business employs it. Henry Ford made a ton of money which allowed him to pay his workers what at that time was a very good wage. Trickle down working as it was intended.
The government can only take from others to give to others. So no, the current idea that the government can create trickle down wealth is indeed a stupid idea. Prices are going up because the government is printing so much money to fill the investment bubble back up. Indeed many are pissed that those who are getting the money from the working folk are just pocketing it, but in the end at best the workers remain stagnant even if they do.
If the money is used to give raises, all it does is put people back to even because of the inflation the government has created. If you are upset that trickle down as employed by the government is not working the thing you need to do is demand that they stop it.
So then, you agree that a business can not simply double their costs here and compete when there are a large percentage of people that will just buy the cheaper item.
This is an entirely different argument. Trickle down does not work when the government employs it. As we see in the Ford example, it does when a business employs it. Henry Ford made a ton of money which allowed him to pay his workers what at that time was a very good wage. Trickle down working as it was intended.
The government can only take from others to give to others. So no, the current idea that the government can create trickle down wealth is indeed a stupid idea. Prices are going up because the government is printing so much money to fill the investment bubble back up. Indeed many are pissed that those who are getting the money from the working folk are just pocketing it, but in the end at best the workers remain stagnant even if they do.
If the money is used to give raises, all it does is put people back to even because of the inflation the government has created. If you are upset that trickle down as employed by the government is not working the thing you need to do is demand that they stop it.
Trickle down doesn't work when you refer to everyone getting the Bush Tax Cuts as "job creators". Ford was obviously a job creator, but little good the jobs would have been for the overall economy if the working class could not afford to purchase what he was selling.
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