Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (956736)	8/15/2016 10:48:32 AM
From: i-node	Read Replies (1) of 1575427

>> Without getting into the numerical economic wisdom of what what Ford did, we know today that his action stabilized his workforce and helped create a legacy of prosperity that continued for decades... Absolutely. A totally free market act. Free markets doing what they do. He understood it better than anyone. If you want your assembly line to work without stoppages so you can build thousands of cars a day, you have to pay your people enough to make them want to work. There was no government bureau telling him to do it. There was no union demanding higher pay. Free market economics told him that if he wanted a line of workers out the door waiting to get jobs, he needed to pay them more and give them a better work environment. The worst thing to ever happen to the US auto business was unions. And Ford fought them to the end.

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