When Henry Ford Doubled His Minimum Wage (2014)

Post by 50656E6973 » Thu, May 02, 2019, 12:36 PM UTC

srfilipek wrote: post #16

bmmayer1 wrote: post #5

I can't believe this actually needs to be said, but a single employer raising its wages is not the same thing as a government raising a legally mandated minimum wage. It's so much not the same thing, that the very fact the article tries to conflate them by comparing Ford's decision with the proposal from the Obama administration makes me doubt the voracity of the entire piece. For one thing, Ford's logic is quite sou…

> For one thing, Ford's logic is quite sound precisely because he's the only one raising wages. Except that the rest of the industry followed suit as well, which, by your logic, should have nullified any advantage. But it didn't. There are other points to the article that naysayers completely miss (because it disagrees with their set-in-stone world view, it seems). Well paid workers, even if common across the entire…

Post by [deleted] » Thu, May 02, 2019, 12:49 PM UTC

50656E6973 wrote: post #21

srfilipek wrote: post #16

Earlier quoted context omitted.

> For one thing, Ford's logic is quite sound precisely because he's the only one raising wages. Except that the rest of the industry followed suit as well, which, by your logic, should have nullified any advantage. But it didn't. There are other points to the article that naysayers completely miss (because it disagrees with their set-in-stone world view, it seems). Well paid workers, even if common across the entire…

>Except that the rest of the industry followed suit as well How long did it take for the rest of them to follow suit, and was it just the automotive industry, or the entire market that did so?

Post by exabrial » Thu, May 02, 2019, 12:54 PM UTC

Post by defertoreptar » Thu, May 02, 2019, 12:59 PM UTC

colanderman wrote: post #22

bmmayer1 wrote: post #5

I can't believe this actually needs to be said, but a single employer raising its wages is not the same thing as a government raising a legally mandated minimum wage. It's so much not the same thing, that the very fact the article tries to conflate them by comparing Ford's decision with the proposal from the Obama administration makes me doubt the voracity of the entire piece. For one thing, Ford's logic is quite sou…

> Furthermore, the idea that people become richer because the number on the bottom of their check goes up, rather than the buying power of that number, is easily debunked by looking at the entire history of inflation. I'm easily making more money, in nominal dollars, than an average CEO in 1919, but I'm not running wild in Saint-Tropez every summer either. This argument makes no sense. Raising the minimum wage doesn'…

Post by ptah » Thu, May 02, 2019, 1:06 PM UTC

bmmayer1 wrote: post #5

I can't believe this actually needs to be said, but a single employer raising its wages is not the same thing as a government raising a legally mandated minimum wage. It's so much not the same thing, that the very fact the article tries to conflate them by comparing Ford's decision with the proposal from the Obama administration makes me doubt the voracity of the entire piece. For one thing, Ford's logic is quite sou…