Henry Ford Quotes
Where people work longest and with least leisure, they buy the fewest goods. No towns were so poor as those of England where the people, from children up, worked fifteen and sixteen hours a day. They were poor because these overworked people soon wore out -- they became less and less valuable as workers. Therefore, they earned less and less and could buy less and less.
Ford, Henry, and Samuel Crowther. Today and Tomorrow. Doubleday, Page & Company, 1926.
In the reign of King Stephen of England, 1135-1154
See Tom Steel {40547} for a summary of mine serfdom.
The left has always been ambivalent about automation. Many object to it on the grounds that it puts men out of work. However, others such as Lafage, argued that automation was the only economic way to reform the working hours and conditions of labor. The problem at the time was that as long as labor was so cheap, there was no motivation for the manufacturer to invest in better machinery. He and many others argued that minimum wages and their increases increase productivity because it would force manufacturers to invest in more productive equipment to reduce their labor costs.
Henry Ford was an American industrialist, business magnate, anti-Semite, and founder of the Ford Motor Company and chief developer of the assembly line technique of mass production. By creating the first automobile that middle-class Americans could afford, he converted the automobile from an expensive curiosity into an accessible conveyance that profoundly impacted the landscape of the 20th century.