Tuesday, September 4, 2012

Dear American Companies: Here's How to Fix the Economy

Sounds great, but and it is a big but, our manufacturing base that the private citizen supports is no longer in this country.
The only thing Henry's idea would do at this point is add to the federal deficit where it to be enacted.
The military Industrial Complex is supported by taxpayer funding, so it can't be considered when approaching this idea.
Only the repeal of NAFTA and CAFTA is going to bring back the jobs that this country needs to sustain itself.


In 1914, a business executive named Henry Ford did a startling thing: He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day -- the equivalent of $120 a day in today's money.

The country was as shocked by this then as it would be today.

A powerful company voluntarily sharing some of its profits with its rank-and-file workers and paying them more than it absolutely had to?

In short, instead of viewing "shareholders" and "customers" as the only two corporate constituencies that matter, Ford introduced the idea that great companies should also serve a third constituency: Employees.