Great Lakes 4x4. The largest offroad forum in the Midwest - View Single Post - Greed
Thread: Greed
View Single Post
Old November 3rd, 2012, 08:38 PM   #9
GreaseMonkey
Pew pew!
 
GreaseMonkey's Avatar
 
Join Date: 11-05-05
Location: Madison Heights, MI
Posts: 18,043
iTrader: (22)
Mentioned: 3 Post(s)
Default

Quote:
Originally Posted by jeepfreak81 View Post
This...

Henry Ford once paid unprecedented wages, and it allowed his employees to buy his product, at less profit for him. It also allowed them to buy other stuff and grow the economy.

Now all you see are wages cut and benefits taken away.
He didn't do it because he was a generous guy. He wanted to reduce attrition which costs more than paying workers a good wage to begin with. It brought the best workers, best trained individuals, and lowered his operating costs which improved his bottom line.
__________________
GreaseMonkey is offline   Reply With Quote
 
Page generated in 0.05185 seconds with 20 queries