Okay, but I doubt this had much effect outside Detroit. Anyone know the history?
This would be like claiming that high salaries in Silicon Valley are somehow going to fix inequality nationwide. There is some spillover but it only goes so far.
This would be like claiming that high salaries in Silicon Valley are somehow going to fix inequality nationwide. There is some spillover but it only goes so far.
The wages elsewhere aren't going to go up as high but it should have some upward drag
http://archive.is/QX6kB == https://www.forbes.com/sites/timworstall/2012/03/04/the-stor...
Ford was paying above-par wages to have a more-stable workforce, because his production line was more sensitive to bad/absent workers than the typical factory of his time.
It also came with a fair dose of patronage, like inspections of workers houses to make sure they weren't drinking, and were teaching their kids english.
Source: tech worker in Seattle.