General Discussion
In reply to the discussion: Hi, my name is MadHound, and I use a (insert electronic device here) made in China. [View all]OrwellwasRight
(5,312 posts)Ford was the first to pay factory workers a "living wage." His employees made $5 a day (a very generous wage at the time). When his fellow captains of industry mocked him and said he'd run himself out of business soon, he said no, I am creating a market for my goods. I want my workers to be able to afford the goods they make. He successfully expanded his own market. Had he moved his factory offshore and paid Chinese worker 3 pennies a day, he would not have grown his own market (and maybe this country would not have devolved into the car culture we have today, but that is another story). What I am saying is that today's corporations are part of the cause of the global dearth of demand--focusing on the profits for the next three months is skewing decision making for the worse. And some companies at some points in history were more farsighted.