Henry Ford

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.
Today, the reverse is happening. The entire structure that promotes
worker security, health and devoted service is being systematically
dismantled. As investors, we benefit from this. But the largest
beneficiaries are corporate executives. Every dime they squeeze out of
payroll drops to the bottom line. The same money takes them a step
closer to realizing gigantic stock-option gains.
Millwright Ron
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Millwright Ron
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And what did his ungrateful employees do? They unionized since they were not satisfied with his beneficence. Greedy bastards.
Wes
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Wes
Millwright Ron wrote in news:84ac2d53-0603- snipped-for-privacy@d4g2000prg.googlegroups.com:
He also instituted Automation with the assembly line.
Through the use of the maximum amount of Automation available - the assembly line - he was able to reduce the size of the work force on each shift - thus reducing the number of workers - and - by controlling the speed of the assembly line - got more productivity from lesser-skilled workers than he'd gotten from his skilled workers.
Like I've told you before: you need to organize an Overpaid CEO Union - with annual dues of only $1 Million/year you'd be able to skim at least $1,000,000,000/year for yourself.
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Eregon

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