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View Diary: What this toaster oven says about the minumum wage. (147 comments)

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  •  They were shocked at Henry Ford too (6+ / 0-)

    ...when he would pay his workers a wage decent enough that they could buy the cars that they were making.

    This is from a relevant NY Times article published Sept. of 2012.

    IN the rancorous debate over how to get the sluggish economy moving, we have forgotten the wisdom of Henry Ford. In 1914, not long after the Ford Motor Company came out with the Model T, Ford made the startling announcement that he would pay his workers the unheard-of wage of $5 a day.

    Not only was it a matter of social justice, Ford wrote, but paying high wages was also smart business. When wages are low, uncertainty dogs the marketplace and growth is weak. But when pay is high and steady, Ford asserted, business is more secure because workers earn enough to become good customers. They can afford to buy Model Ts.

    That article is HERE.
    Gosh, pay your workers enough to enable them to be your customers as well. What a concept.

    Everybody got to elevate from the norm....

    by Icicle68 on Mon Mar 04, 2013 at 01:16:57 PM PST

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