* Posts by ktindell

1 publicly visible post • joined 7 Sep 2013

Amazon to offer FREE smartphone?

ktindell

ken@whitehouse.uk.net

"It's a strategy that goes all the way back to Henry Ford, who used a combination of good wages for employees"

I'm afraid the "pay employees enough to buy the product they're making" is a long-standing myth. Ford raised the wages for workers in order to retain workers in what was an increasingly competitive market. The same is happening today in China with huge pay rises by (e.g.) Foxconn. Except today no-one says that Foxconn is paying higher wages in order to help employees buy iPhones.

El Reg writer Tim Worstall explains in more detail here:

http://blogs.telegraph.co.uk/finance/timworstall/100016570/lefty-myths-of-our-time-why-henry-fords-pay-rise-for-workers-undermines-the-living-wage-campaign/