Thread: Henry Ford
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Wes[_2_] Wes[_2_] is offline
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Default Henry Ford

Millwright Ron wrote:

In 1914, Henry Ford made a "bet the company" decision. Conventional
thinkers thought he was insane. Those without Ford's imagination were
certain his decision would send Ford Motor (F, news, msgs) into
bankruptcy.

What did this radical industrialist do?

He chopped the workday down to eight hours, and he doubled employees'
daily wages. But he did not do this out of compassion. He had no
desire to share the wealth. He made a hardheaded business decision.

Absenteeism plummeted. Worker turnover virtually disappeared. So did
the number of accidents; ditto the number of manufacturing defects.
Meanwhile, productivity soared. And the automotive age was born.



And what did his ungrateful employees do? They unionized since they were
not satisfied with his beneficence. Greedy *******s.

Wes