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tmcdos | 6 months ago

I recently started reading Henry Ford books and to me it looks like he has achieved the best of both worlds - at least until he passed away. One thing especially resonates with me - decreasing the prices without reducing the wages so that the profit gets close to zero, then find ways to make the manufacturing more efficient and less costly. While the new profit gradually grows - gradually increase the salaries. Then rinse and repeat. In the end people have good salary, can buy cheap (but still high quality) products and have joy while working.

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