Quote:
Originally Posted by mookiemookie
Well, you can pay $30 for a shirt made in America, or you can pay $10 for one made in India. You can have a workforce of 1,000,000 factory workers all making $10 an hour, or you can have 1,000,000 workers who engineered the item the factory workers are assembling and they get paid $25 an hour. A million people with $10 to spend are not going to make for as powerful of an economy as a million people with $25 to spend.
Manufacturing was doomed as soon as international shipping and communication became as cheap and efficient as it has become.
|
Why not pay the workers 25 dollars an hour. Then youll have two million people with 25 dollars to spend, instead of one million. Henry Ford had this crazy idea of paying his workforce enough money to buy the products he sold.
__________________
A popular Government without popular information nor the means of acquiring it, is but a Prologue to a Farce or a Tragedy or perhaps both. Knowledge will forever govern ignorance, and a people who mean to be their own Governors must arm themselves with the power knowledge gives
- James Madison