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Subject:Re: India - wave of the future? From:"Mike O." <obie1121 -at- yahoo -dot- com> To:techwr-l Date:Wed, 3 Sep 2003 16:37:54 -0400
> The business world was shocked when Henry Ford paid his workers $5/day
when
> he could have paid the same workers $2/hr.
Oops, I meant $2/day
"Mike O." <obie1121 -at- yahoo -dot- com> wrote in message news:211609 -at- techwr-l -dot- -dot- -dot-
>
> "Mark Baker" <mbaker -at- ca -dot- stilo -dot- com> wrote
> > What is abundantly clear is that a company that fails to use the lowest
> cost
> > supplier eventually goes out of business because other companies beat
> their
> > prices.
>
> Define 'eventually.'
>
> The business world was shocked when Henry Ford paid his workers $5/day
when
> he could have paid the same workers $2/hr.
>
> Now, after several generations of unprecedented prosperity and increases
in
> the US standard of living, driven by high wages like Ford's, Ford is now
> losing ground to other countries with lower labor costs. But it took most
of
> the century.
>
> The modern economy is consumer-driven, which means employees of one
company
> are customers of many companies. More than anything else, companies need
> customers with cash. Henry Ford wasn't wasting $3/day - he was creating a
> market. No company wins when they strip income from each other's
customers.
>
> Mike O.
>
>
>
>
>
