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Politics : The Castle
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To: TimF who wrote (5648)1/13/2011 12:25:50 AM
From: i-node  Read Replies (1) of 7936
 
>>It's a fairly common trope in US lefty land that Henry Ford and his $5 a day wages back in 1913 marked a huge change in labour relations. He was moved to raise wages so high (approximately double the prevailing wage) so as to help create a market for his own products.

I have seen this idea cited many times. It is as though money was just dropping from the sky. Need more sales? Hire more employees. Government stimulus in microcosm.
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