what exactly do you mean by that? Can you give some examples?
you're not going to trot out that line by Henry Ford, are you?
#64 | POSTED BY EBERLY
Too much effort to fact check yourself?
General Electric (GE): Once provided extensive pensions and secure middle-class career stability, but later closed and froze its traditional plans to cut legacy costs.
General Motors (GM) & Ford: Historically offered high union-negotiated wages and robust lifetime pensions, before facing massive funding gaps and restructuring/buyouts in the 2000s.
S. Steel: Provided classic postwar industrial wages and pensions that defined the American manufacturing middle class, which were later heavily downsized.
Eastman Kodak: Celebrated for its paternalistic benefits, lifetime job security, and generous retirement pensions before scaling back significantly during financial restructuring.
These are some companies that provided "living wages" and a pension. Mostly because of strong unions.
And no Henry Ford did not pay his workers enough so they could afford his cars. He paid them more ($5 per hr with Orwellian strings attached) to reduce worker turnover and stabilize his workforce.
what exactly do you mean by that? Can you give some examples?
you're not going to trot out that line by Henry Ford, are you?
#64 | POSTED BY EBERLY
Too much effort to fact check yourself?
General Electric (GE): Once provided extensive pensions and secure middle-class career stability, but later closed and froze its traditional plans to cut legacy costs.
General Motors (GM) & Ford: Historically offered high union-negotiated wages and robust lifetime pensions, before facing massive funding gaps and restructuring/buyouts in the 2000s.
S. Steel: Provided classic postwar industrial wages and pensions that defined the American manufacturing middle class, which were later heavily downsized.
Eastman Kodak: Celebrated for its paternalistic benefits, lifetime job security, and generous retirement pensions before scaling back significantly during financial restructuring.
These are some companies that provided "living wages" and a pension. Mostly because of strong unions.
And no Henry Ford did not pay his workers enough so they could afford his cars. He paid them more ($5 per hr with Orwellian strings attached) to reduce worker turnover and stabilize his workforce.