Originally Posted by jeepfreak81
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.