re: #89 FriendsofHummus

Honestly, I don’t know why more executives think like that. I think it helps to pay your employees a good wage and give them good benefits. Forget where this comes from originally and hell it may be Ford himself but you do want your employees to be customers of your product. Paying your employees shitty wages and limiting their benefits I think is just a bad business model. And I’m not even speculating on the ethics part of it.

ford actually said in public that the reason he instituted the famous $5 day was that his turnover in his assembly lines was too fast when he paid less, so he lost more on hiring costs than what he saved on wages. it also means that he realized that paying employees more meant better commitment and therefore better work results

he may also have realized that paying his workers more meant they would be more likely to afford a ford car but if he did he was loathe to admit it