No, it wasn't that simple. It wasn't what ran the company to the verge of bankrupcy either. That was the result of the mismanagement of a senile paranoid old man who didn't know when to quit. In the start the reason for paying high wages was largely driven by a desire to keep labor... but also the realization that well paid help could afford to buy HIS product, thus insuring his success. It's also probably that in those years there was other oppertunity for labor in the area thus they couldn't be abused as readily as they were here. It's also noteworthy that Ford did take a significant interest in the welfare of it's employees at that time. Long before they were unionized. Perhaps in a more paternalistic manner than they should have... but the way Ford provided to labor stood out in it's time and perhaps still does today.
Generally, Ford was looking ahead... far ahead and thinking and planing towards that end. Most business today is planing for today and won't bother worrying about tomorrow until it gets here.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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