Quote:
Originally Posted by HockeyIlliterate
Your statement and the Daily Beast's interpretation of Ford's decision is an inaccurate understanding of history.
Ford didn't raise wages so that his employees could afford the products they were making.
Ford raised wages to reduce employee turnover.
Source: http://www.forbes.com/sites/timworst.../#60fcb3971c96 |
That was part of the reason, yes but it doesn't explain his doubling the wage. He could have solved that problem with a raise of say 50cents.
I had to laugh at the Boeing employee needing to make enough to buy a jetliner though. Maybe enough to buy a ticket would be more fitting or a Walmart employee making enough to buy a pair of jeans.