Quote:
Originally Posted by _Richard_
you kinda argue for and against the point.. but in a capitalist economy, increased wages/salaries makes a good amount of sense for stimulating the economy. however, i suppose there is a lot more imports to contend with
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What I am saying is people like Koch sells things like paper and wood and fuels...stuff we all need regardless. Bain doesn't make most of its money off how many times the cash register rings. Even the Walton's are in a unique spot as they are the cheapest retailer.
Ford though was selling something that at the time was a pure luxury in the consumer market. Increasing wages in hopes that others would follow would make his product more affordable to the masses.
I guess one could also argue that with the assembly line that he invented he was rewarding employees for increased productivity which no longer happens.
Prices would rise along with wages but America as a whole would feel more secure and prosperous rather than feeling like all of the money ends up in the pockets of a few.