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TGGP4 comments on Traditional Capitalist Values - Less Wrong

38 Post author: Eliezer_Yudkowsky 17 October 2008 01:07AM

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Comment author: TGGP4 18 October 2008 02:38:30AM 8 points [-]

There was, once upon a time, an editorial in the Wall Street Journal calling Ford a "traitor to his class" because he offered more than the prevailing wages of the time. Sounds made up to me. A lot of stupid people think he did it so his workers could afford his cars. That's asinine. The marginal amount of money they'd send back to him directly would be negligible. The real reason was that he had a high turnover rate and it was costing him too much to keep training new employees. His retained more people after he raised wages.

Comment author: David_Gerard 09 April 2011 08:30:40AM *  0 points [-]

There was, once upon a time, an editorial in the Wall Street Journal calling Ford a "traitor to his class" because he offered more than the prevailing wages of the time.

Sounds made up to me.

It is a bit of a "citation needed".