WAGES AND PROFITS
HENRY FORD'S ADVICE
(Received 2 p.m.) DETROIT, October 30
Henry Ford, motor multi-million-aire, who has declared himself proRepublicah in Presidential I policies, said: “Of course we are going to have prosperity again, but we can expect more bad depressions. Why don’t manufacturers keep up with • the times? Why, for example, in France did not they pay decent wages for shorter hours, and avoid strikes? Manufacturers here cannot replace good machinery with better because their bosses ,the New York financiers, won’t let them. High profits have reduced .sales. Low wages is their notion of running a business, as employees soon learn. It cost me 100,000,000 dollars to get out of their hands, but it had to be done.
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https://paperspast.natlib.govt.nz/newspapers/NA19361031.2.48
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Northern Advocate, 31 October 1936, Page 7
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120WAGES AND PROFITS Northern Advocate, 31 October 1936, Page 7
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