"This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day so they could afford to buy the same cars they made, is often invoked."
React to this quote
More by Jim Stanford
See allResonant Thoughts
"Among the many things that I showed Sir John while at Hammerfield, was a piece of white calico on which I had got printed one million spots. This was for the purpose of exhibiting one million in visib…"
Explore Further
Related Quotes
"No friend sympathizes so tenderly with his friend in affliction as does Jesus. "In all our afflictions, He …"
— John Flavel"It’s better to be typecast than not cast. When I worked in theatre I played all sorts of roles, everything …"
— Alan Ford (actor)"Among a number of intelligent suggestions there was finally this one too, strange as it may seem, that Chic…"
— Nikolai Gogol"… the value of land must, in the future, be assessed on its yield of potable water. Those property-owners w…"
— Bill Mollison"We swear we are not going to abandon the struggle until the Last Jew in Europe has been exterminated and is…"
— Robert Ley"If you're in a Gay Mafia and you get whacked, is that good or bad? Say hello to my little friend."
— Larry the Cable Guy
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on friendship
- Bernard Lietaer on friendship
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on justice
- David Cay Johnston on life
- David Cay Johnston on knowledge
- David Cay Johnston on art
- David Cay Johnston on philosophy
- David Cay Johnston on money
- knowledge & Beauty
- knowledge & Change