Interesting that you would raise up Henry Ford. It is common knowledge that Ford revolutionized the world of t***sportation and mass production with his Ford automobile plants that started in the United States and expanded into other parts of the world. What is not as well known is his fervent hatred towards Jewish people (a hatred shared by fellow super-financier J.P. Morgan) and
Ford's f**grant financial and political backing of Adolf Hitler.Ford's big wages was a sham, about half of the money paid was profit sharing, and the employees had to prove they were living upstanding and moral lives to get that extra pay. The automaker, with his anti-Semitism and intrusive social engineering, was deeply kooky.
But according to Stephen Meyer, a labor historian and professor emeritus at the University of Wisconsin-Milwaukee, "Ford didn't pay so much because of beliefs about enriching workers. He had no choice."
According to Meyer, "in 1913, the year before Ford doubled wages, the turnover rate at his plants was 370 percent. In contrast, Walmart's turnover rate today is said to be 100 percent annually, still a very high number by today's standards."
"They wouldn't stay," Meyer said "they h**ed the work and they would just walk off the job or not show up." That meant that to maintain a workforce of 13,000 to 14,000 employees, the company had to hire 52,000 workers in a year.
It is also important to point out that car manufacturing was seasonal, most automobiles were sold in the spring. Therefore, there was a season for building and then prolonged lay offs. Ford's ability to pay ensured that when fall came, there would be ample people looking for work.
Henry Ford was not a C*******t, he h**ed Jews; was financial backer and friend to Adolf Hitler.
Companies pay what they must. When you hear that a large employer, whether it be Henry Ford or Costco, pays more than necessary, it generally doesn't mean that company is good-hearted. It means that company is good at public relations.
I do recommend that you read Meyer's book and some of his papers on economics. They are very educational.
rumitoid wrote:
I have given endless links showing that this standard line we get from Big Business loving Republicans that raising the minimum wage would be self-defeating because of inflation is totally false and, taking all factors into consideration, has a redemptive effect on the economy. Henry Ford, out of perhaps pure self-interest (that his workers could buy his cars), set an unparalleled wage and benefit hike for his employees, which other companies, to keep pace, had to follow. The result? The inflation rate dropped and the economy saw a big resurgence.
http://work.chron.com/minimum-wage-vs-inflation-rates-19252.htmlThe assault on the working class has steadily gained momentum. Previous gains thanks to unions are gradually being undone. Thanks to Republican concessions to the elite oligarchy, the American middle class and the poor of this country are given this motto: "You're damn lucky to have a job; stop you're whining about work conditions, lack of benefits, low pay, no representation, long hours without overtime, or forced into part-time, or no paid vacation, or threats by my management that there are more where you came from, or longer hours with pay reductions getting the same salary for 60 hours that you did for forty. Freaking c****e. You're rule is over. This is America."
I have given endless links showing that this stand... (
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