January 05, 2017

Today in History: Ford Motor Company doubles wages and cuts working hours (1914)

John RobsonArchive

On January 5 just over a century ago, in 1914, the Ford Motor company took a decisive step toward greater prosperity for all when it doubled wages and cut working hours to keep its workforce productive and happy. 

It shows not only that wealth must be created before it can be redistributed, but that the process of private, dynamic wealth creation is itself the best way to distribute its benefits widely and fairly.

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commented 2017-01-26 09:23:55 -0500
Super good one professor ROBSON
commented 2017-01-05 16:09:55 -0500
Great examination, but really it’s over complicated for our times. Government may have once believed in utopian ideals and civil servants actually thought they were doing good. Today it is merely greed. No one in government truly cares if they are doing any “good” or not these days, they are in it to take peoples money and create fake jobs for life. Note to jays fans Encarnacion didn’t give a rats ass about you. Few pro athletes or celebrities give a rats ass about their fans either. Same with the civil service. No civil servant seriously believes carbon taxes will fix anything, they will stare each other in the eye and spout climate alarmism all the while each knowing the other is lying. They simply don’t care. That is why people need to take their lives back from government. But then again the world is full of people who are happy to lie to themselves these days, if it means an easy (perceived) buck.
commented 2017-01-05 15:51:56 -0500
Very insightful, thank you Professor Robson.
commented 2017-01-05 11:42:12 -0500
A great interpretation of history once again, John. Wealth is not simply the presence of resources. Kazahkstan has great natural resources but is poor. Switzerland has few resources but is wealthy. Most of the wealthy nations are the Judeo-Christian ones. The exceptions are notable by proving the rule. Most of the wealth in the non-judaeo-Christian nations is held in the hands of the few.