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Alex Tabarrok comments on this: "I believe that this announcement will be discussed in business schools for years to come much like Henry Ford’s announcement of the $5 a day wage."

http://marginalrevolution.com/marginalrevolution/2014/06/tes...

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Just like everyone remembers when the US bought up and public-domained all the aeronautic patents.

EDIT I should explicitly say that I am being sarcastic. Mr Tabarrok is believing what he wants to be true.

Most people are actually unaware of Ford's "innovations" on pay, or the reasoning behind them, but that does not dilute the profound impact the actions had.

It's 4th grade US history curriculum.

most people don't live in the US

Approximately 100% of people under the jurisdiction of US patent law and influenced by the American auto industry do.

Lies!

What's learned in the 4th grade curriculum about "$5 a day" is about as accurate as what I learned in 4th grade about "Columbus proved the Earth was round."

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