"N2EY" wrote in message
...
In article , Mike Coslo
writes:
Actually I think it's simpler than that. They have to consider both the
short-term buck and the long-term buck.
Henry Ford was criticized by other industrialists because he paid workers
the
princely sum of $5 per day. His response was that it did not make sense to
him
to have people building a product they could not afford to buy. He traded
off
the short-term buck of higher wages for the long-term buck of a bigger
market.
I don't think he did this out of any love for the workers or the country,
but
rather because he saw a bigger picture.
Exactly, he saw that by looking at the longterm, his overall total profits
would be enhanced. He wanted a longterm, stable income than a quick buck.
Dee D. Flint, N8UZE
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