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The goal has never been to provide jobs. The goal has always been to increase shareholder wealth.
That's simply not true. Investors once knew that without jobs there is no wealth. There is a reason Henry Ford increased his workers pay. He knew his product was worthless with no one being able afford it.
People can't afford a new truck working at a call center trying to pawn off worthless warranties.
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There are a few closely held corporations that behave differently, but most stockholders want a return on their investment.
Running off the jobs is going to be a very short term gain.
That's simply not true. Investors once knew that without jobs there is no wealth. There is a reason Henry Ford increased his workers pay. He knew his product was worthless with no one being able afford it.
People can't afford a new truck working at a call center trying to pawn off worthless warranties.
Running off the jobs is going to be a very short term gain.
Ford increased his pay because it was cheaper than all the hiring and training. That work was extremely demanding. As a bonus it allowed the workers to buy the product but that was just a bonus not the actual cause.
Ford increased his pay because it was cheaper than all the hiring and training.
He wanted his employees to be able to afford his product.
From his own book.
"The owner, the employees and the buying public are all one and the same and unless an industry can so manage itself to keep wages high and prices low it destroys itself, for otherwise it limits its number of customers. Ones own employees should be ones own best customers".
I've seen fools argue that if this was a legit reason then Boeing should pay enough to buy a jetliner. Hogwash. Boeing only has to sell a few jets. Ford had to sell thousands of cars.
He realized by cutting hours from 60 to 40 and the higher pay would also mean a higher retention but all of it is moot without customers able to buy your product.
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That work was extremely demanding. As a bonus it allowed the workers to buy the product but that was just a bonus not the actual cause.
Having people being able to actually afford your product is not just a bonus. It's everything.
Ford increased his pay because it was cheaper than all the hiring and training. That work was extremely demanding. As a bonus it allowed the workers to buy the product but that was just a bonus not the actual cause.
Bingo, and study him well, as the rules imposed on those workers extended to every personal facet of their life, in an unprecedented way.
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