Why good jobs are good for business (with Zeynep Ton)
Pitchfork Economics with Nick Hanauer
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The Myth of Henry Ford and the $5 Day
The myth that has long existed about Henry Ford and the $5 day is that he decided to more than double the wages of his employees because as he said after the fact, he wanted Ford workers to be able to afford to buy Ford cars. The truth is that's not what he told his board at the time. What he told them at the time was: Hey guys, we have 300% turnover at this giant factory we just built and we cannot possibly run it at capacity when we are hiring people turning over multiple times a year. And so if we outpay the other car manufacturers, we will get the best workers and we will have the least turnover. That is the real story of
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