The wit and wisdom of Henry Ford

[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

[lligrd]

1. He Also Used To Inspect Their Houses To Ensure

they were living up to his moral code. Still, he had the wage thing right.

[wildbilln864]

2. and he also made automobile bodies from marijuana....

how dare he! ::shrug:

[Hardrada]

3. And he said they could buy any color car as long as they were stoned.

[salguine]

6. He also was rabidly anti-union, and of course there was that whole awkward

Nazi-sympathizer thing...you know, the mutual admiration between him and Hitler, and his being personally decorated by der Führer in 1938...

Still, yes, he was right about the wages.

[Phred42]

4. The wit and wisdom of an antisemitic fascist Nazi supporter?

[eridani]

5. He was right about wages and the business cycle

Lou Dobbs is right about election integrity too.

[Hardrada]

8. Well, no one's perfect.

[Phred42]

9. LOL Can't wait to hear about the wit and wisdom of Darth Cheney

:rofl:

[eridani]

7. Andrew Carnegie was a union buster and ruling class tool also

But he believed in public libraries, and offered to buy the Phillipines and set them free in order to stop the US from becoming an imperial power.