You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The wit and wisdom of Henry Ford [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 08:14 PM
Original message
The wit and wisdom of Henry Ford
Advertisements [?]
http://www.humanismbyjoe.com/political_quotes.htm

And now take wages. An unemployed man is an out-of-work customer. He cannot buy.An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business depression is through purchasing power, and the source of purchasing power is wages....

Wages is more of a question for business thanit is for labor. It is more important to business than it is to labor. Low wages will break business far more quickly than it will labor.


Ford was sued for paying too much to workers and reinvestment by shareholders who wanted profits maximized. He lost.

http://www.abelard.org/ford/ford2-business.php#court


Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC