There was, once upon a time, an editorial in the Wall Street Journal calling Ford a “traitor to his class” because he offered more than the prevailing wages of the time.
Sounds made up to me. A lot of stupid people think he did it so his workers could afford his cars. That’s asinine. The marginal amount of money they’d send back to him directly would be negligible. The real reason was that he had a high turnover rate and it was costing him too much to keep training new employees. His retained more people after he raised wages.
There was, once upon a time, an editorial in the Wall Street Journal calling Ford a “traitor to his class” because he offered more than the prevailing wages of the time.
There was, once upon a time, an editorial in the Wall Street Journal calling Ford a “traitor to his class” because he offered more than the prevailing wages of the time. Sounds made up to me. A lot of stupid people think he did it so his workers could afford his cars. That’s asinine. The marginal amount of money they’d send back to him directly would be negligible. The real reason was that he had a high turnover rate and it was costing him too much to keep training new employees. His retained more people after he raised wages.
It is a bit of a “citation needed”.