Source: The Economic Illusion (1984), Chapter 4, Labor, p. 169
“This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.”
Part 3, Chapter 13, Employment and Unemployment, p. 158
Economics For Everyone (2008)
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Jim Stanford 21
Canadian economist 1961Related quotes
Speech at Progressive Party Convention, Chicago http://www.ssa.gov/history/trspeech.html (17 June 1912)
1910s
Context: We wish to control big business so as to secure among other things good wages for the wage-workers and reasonable prices for the consumers. Wherever in any business the prosperity of the businessman is obtained by lowering the wages of his workmen and charging an excessive price to the consumers we wish to interfere and stop such practices. We will not submit to that kind of prosperity any more than we will submit to prosperity obtained by swindling investors or getting unfair advantages over business rivals.
Source: "A Piece-rate System," 1896, p. 90; Cited in: Morgen Witzel, Fifty key figures in management. Routledge, 2004. p. 250.
Conversation: Elon Musk on Wired Science (2007)
"Trump’s Good for the English Language," http://www.wnd.com/2015/09/trumps-good-for-the-english-language/ WorldNetDaily.com, September 17, 2015.
2010s, 2015
Source: My Forty Years with Ford, 1956, p. 102 ; As cited in: EyeWitness to History (2005)
Two Memorials on Behalf of the Working Classes (1818).
1900s, Address at Providence (1901)
Context: Where men are gathered together in great masses it inevitably results that they must work far more largely through combinations than where they live scattered and remote from one another… Under present-day conditions it is necessary to have corporations in the business world as it is to have organizations, unions, among wage workers.
“Ecofeminism and the Eating of Animals”, in Ecological Feminist Philosophies, edited by Karen J. Warren (Bloomington: Indiana University Press, 1996), p. 124.