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A comment on The story of Henry Ford's $5 a day wages: not what you think (2012). Parent comment

Re:The story of Henry Ford's $5 a day wages: not what you th... by mjw1007 on Sunday March 15, 2020 @03:00PM (#22585731)
Ford claimed his motivation wasn't supply and demand for labour, but a wish that his workers should have been able to buy his product.

Worstall says two things:

- Ford's claimed motivation makes no sense;

- there is a plausible motivation which does add up to supply and demand for labour.

I claim Worstall is wrong about the former.

I make no claim about what Ford's motivation actually was.

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Re:The story of Henry Ford's $5 a day wages: not what you th... by WalterBright on Sunday March 15, 2020 @05:53PM (#22587150)
> I claim Worstall is wrong about the former.

He'd be right. It's not possible to run a successful business by paying people to buy your product. The numbers don't add up.

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Re:The story of Henry Ford's $5 a day wages: not what you th... by icebraining on Sunday March 15, 2020 @08:55PM (#22588510)
Ford never said he intended to make money by only selling cars to his employees! Only that the employees should also be able to afford the cars they were producing.
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Re:The story of Henry Ford's $5 a day wages: not what you th... by WalterBright on Sunday March 15, 2020 @11:44PM (#22589670)
I didn't say "only", either.
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