Henry Ford may have been a prick, but even he had the common sense to realize paying your workers enough to buy your products was mutually beneficial. All this wealth hoarding going on serves nobody but the ultra rich that are simply addicted to watching numbers go up.
It’s a post hoc rationalization of why he paid more. He paid more because he literally couldn’t staff his factory because the assembly line work was so dull.
This chart shows the median wage has gone up since the pandemic, even if using 2023 dollars
So the wages in the US are better than they have ever been, even inflation adjusted. You can go back as long as you want, they were not higher in the 50s, contrary to popular belief
Henry Ford may have been a prick, but even he had the common sense to realize paying your workers enough to buy your products was mutually beneficial. All this wealth hoarding going on serves nobody but the ultra rich that are simply addicted to watching numbers go up.
No. He did it because turnover was so insane it was cheaper to raise pay.
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It’s a post hoc rationalization of why he paid more. He paid more because he literally couldn’t staff his factory because the assembly line work was so dull.
It doesn’t, actually. You pay all of your workers more so some of them might buy your product, maybe?
The increase in wages for everyone will help, but then capitalists have no choice to attract labor. See: the wages now adjusted vs. the inflation
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
This chart shows the median wage has gone up since the pandemic, even if using 2023 dollars
So the wages in the US are better than they have ever been, even inflation adjusted. You can go back as long as you want, they were not higher in the 50s, contrary to popular belief