American companies. Here's how you fix the economy.

[HushMoney]

good article


"In 1914, a business executive named Henry Ford did a startling thing: He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day -- the equivalent of $120 a day in today's money........"

[epitome]

good article


"In 1914, a business executive named Henry Ford did a startling thing: He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day -- the equivalent of $120 a day in today's money........"

It won't fly today because many of the rich Republicans currently doing everything they can to dominate sell things we need (Koch brothers) or made their money by borrowing and pushing money around. Think Romney ... Bain made a lot of money off management fees... what happened to the companies didn't matter.

Henry Ford was selling something people wanted, so he saw the value in paying more (and hopefully getting others to) so that people had disposable income to buy what he was selling.

During the teen's you still had small towns with everything you needed where a car wasn't necessary like they are now.

[garce]

good reply

[IllTestYourGirls]

With all the payroll taxes it is very hard to do that now.

[Barry-xlovecam]

It only worked for reason of it being disruptive innovation. My maternal Grandfather came from Russia to work in Henry Ford's Model T assembly line factory.

His future as a blacksmith in the Tzar's army, drafted for life, was a bleak one -- he split and headed for America around 1902.

[Minte]

It could work if the federal government completely closed the borders to imports. Henry Ford didn't have to deal with the Chinese.

[acctman]

allow americans to work more than 80hrs a week.

[ColBigBalls]

Ctrl-alt-delete

[_Richard_]

It won't fly today because many of the rich Republicans currently doing everything they can to dominate sell things we need (Koch brothers) or made their money by borrowing and pushing money around. Think Romney ... Bain made a lot of money off management fees... what happened to the companies didn't matter.

Henry Ford was selling something people wanted, so he saw the value in paying more (and hopefully getting others to) so that people had disposable income to buy what he was selling.

During the teen's you still had small towns with everything you needed where a car wasn't necessary like they are now.

you kinda argue for and against the point.. but in a capitalist economy, increased wages/salaries makes a good amount of sense for stimulating the economy. however, i suppose there is a lot more imports to contend with

[oscer]

Lowering of the payroll taxes would definitely help get more people back to work and those people would pay income tax and make up for the money they would lose .

[potter]

$120/day is only $15/hour

[Vapid - BANNED FOR LIFE]

The environment encourages stealing.

[epitome]

With all the payroll taxes it is very hard to do that now.

An average of 10-15% makes it too hard to do that?

My employer contribution is 7.5% and another 2.7% for unemployment. I opted out of workers comp because employees are also officers.

[epitome]

you kinda argue for and against the point.. but in a capitalist economy, increased wages/salaries makes a good amount of sense for stimulating the economy. however, i suppose there is a lot more imports to contend with

What I am saying is people like Koch sells things like paper and wood and fuels...stuff we all need regardless. Bain doesn't make most of its money off how many times the cash register rings. Even the Walton's are in a unique spot as they are the cheapest retailer.

Ford though was selling something that at the time was a pure luxury in the consumer market. Increasing wages in hopes that others would follow would make his product more affordable to the masses.

I guess one could also argue that with the assembly line that he invented he was rewarding employees for increased productivity which no longer happens.

Prices would rise along with wages but America as a whole would feel more secure and prosperous rather than feeling like all of the money ends up in the pockets of a few.

[epitome]

You shouldn't have to "fix" anything....a truly free market is truly free and everything always works it self out

A violent cohesive system will always be that

Ah yes the most recent economic crash is a great example of how banks should have never been regulated.