This gets repeated so much, but really makes no sense.
Why give someone money in the hope they give it back to you? At best you get your money back, minus the resources needed to make the product they buy. You’d be better off just keeping 100% of the money.
Ford’s success was the assembly line, which allowed him to pay workers more.
It’s a post hoc rationalization of why he paid more. He paid more because he literally couldn’t staff his factory because the assembly line work was so dull.
This gets repeated so much, but really makes no sense.
Why give someone money in the hope they give it back to you? At best you get your money back, minus the resources needed to make the product they buy. You’d be better off just keeping 100% of the money.
Ford’s success was the assembly line, which allowed him to pay workers more.
It’s a post hoc rationalization of why he paid more. He paid more because he literally couldn’t staff his factory because the assembly line work was so dull.