“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 Stanford21

Canadian economist 1961

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Speech at Progressive Party Convention, Chicago http://www.ssa.gov/history/trspeech.html (17 June 1912) <br class="br">1910s <br class="br">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.

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Frederick Winslow Taylor (1856–1915) American mechanical engineer and tennis player

Source: "A Piece-rate System," 1896, p. 90; Cited in: Morgen Witzel, Fifty key figures in management. Routledge, 2004. p. 250.

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“Actually it took four years and more to develop Model T. Previous models were the guinea pigs, one might say, for experimentation and development of a car which would realize Henry Ford's dream of a car which anyone could afford to buy, which anyone could drive anywhere, and which almost anyone could keep in repair. Many of the world's greatest mechanical discoveries were accidents in the course of other experimentation. Not so Model T, which ushered in the motor transport age and set off a chain reaction of machine production now known as automation. All our experimentation at Ford in the early days was toward a fixed and, then wildly fantastic goal.”

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Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

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.

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Carol J. Adams (1951) author, animal rights activist

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“I am proud to represent the Labour party, which established the minimum wage, which some Opposition parties could not find time to support.”

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Maiden speech on 24 May 2005

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