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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (70604)8/17/2014 3:48:09 PM
From: TimF1 Recommendation

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TideGlider

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He "did it" in that he raised wages. What he didn't do was gain profitability through the mechanism of paying more to create more demand for his vehicles. Any additional demand would have been tiny compared to the additional costs.

So why did he increase wages. Probably largely to reduce turnover, and to be able to be slightly more selective in hiring. (factors that wouldn't be there to any great extent if every company raised wages, for example because of a higher minimum wage). Also it enabled him to exert control over his employees lives, since the extra pay was in bonuses that required going along with Ford's social agenda to an extent.
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