Wednesday, 2 January 2013

Henry Ford on Wages

A pertinent quote I think given that benefits are now being attacked because they are going up faster than wages.
I have learned through the years a good deal about wages. I believe in the first place that, all other considerations aside, our own sales depend in a measure upon the wages we pay. If we can distribute high wages, then that money is going to be spent and it will serve to make storekeepers and distributors and manufacturers and workers in other lines more prosperous and their prosperity will be reflected in our sales.
My Life and Work – an autobiography of Henry Ford, pp 86