Tuesday, January 18, 2011

Henry Ford

Henry Ford believed in paying awesome wages. Fact is he paid twice the market rate and as a result got great workers to join. He became a billionaire. Truth is that people who made ford cars could afford to buy a Henry Ford car. Story is that they were full of power and inexpensive. Well, now we are seeing the opposite idea taking over. Pay workers the bare minimum. Chinese workers that make iPads can't afford to buy iPads or any other gadgets of any manner. Cycle of money is gone. Yeah our model is BROKEN now.

Henry Ford business philosophy: "Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible."


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