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

formatting link

Reply to
Millwright Ron
Loading thread data ...

And what did his ungrateful employees do? They unionized since they were not satisfied with his beneficence. Greedy bastards.


Reply to

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.

Reply to

PolyTech Forum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.