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Politics : Mainstream Politics and Economics
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To: Broken_Clock who wrote (49359)7/26/2013 12:15:26 AM
From: i-node  Read Replies (2) of 85487
 
>> On January 5, 1914, the Ford Motor Company took the radical step of doubling pay to $5 a day and cut shifts from nine hours to eight, moves that were not popular with rival companies, although seeing the increase in Ford's productivity, and a significant increase in profit margin (from $30 million to $60 million in two years), most soon followed suit.

There can be no better example of the free enterprise system at work than Ford's actions, and other automakers following suit. There was not even a hint of union involvement, and in fact, Ford hated unions, and would never have come to term with the unions were it not for Edsel's going behind his back and cutting a deal with the unions.

Ford paid more because he recognized it would increase productivity in HIS factory. (That does NOT mean it would increase productivity at Walmart -- that is a decision for Walmart).
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