From Ford to Amazon - Employers Who Care

Amazon's announcement to increase hourly wages to 350k employees has been mightily commended by the press, as was Henry Ford's announcement a century ago, when assembly-line workers were given an unprecedented $5 a day. Ford wanted to ensure a stable employee base, but also wanted his workers to be able afford the products they produced. While Ford saw a short term decline in profits, in the long run it led to increasingly higher revenue. By making it affordable, he repositioned the “motorcar” from a luxury to something every American--including his own workers-- could own.

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