The wit and wisdom of Henry Ford [View All]

[eridani]

http://www.humanismbyjoe.com/political_quotes.htm

And now take wages. An unemployed man is an out-of-work customer. He cannot buy.An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business depression is through purchasing power, and the source of purchasing power is wages....

Wages is more of a question for business thanit is for labor. It is more important to business than it is to labor. Low wages will break business far more quickly than it will labor.

Ford was sued for paying too much to workers and reinvestment by shareholders who wanted profits maximized. He lost.

http://www.abelard.org/ford/ford2-business.php#court