HENRY FORD SAYS GREAT MISTAKE TO RAISE WAGES NOW
NEW YORK, June I..—Henry Ford said today that it would be a great mistake for the industry to give the workers higher wages this year.
Mr Ford, who returned from a business trip to England and France said, "we are going to be in a buyers’ market this autumn and we can't keep prices down if wages rise. If prices increase it will not improve the size of the market.” Mr. James Carey, secretary-treas-urer of the Congress of Industrial Organisations, who also returned from Europe said the industry could not only raise wages, but could also lower prices.
» Commenting on Mr. Ford’s statement Carey said, “the only way to bring about a buyers’ market is to ensure adequate purchasing power. This does not exist now, because of high prices, but ’tis possible as the whole history of the Ford Company indicates to provide increasing wage standards and lower prices to consumer, and at the same time give a better product to the market.”
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Wanganui Chronicle, 25 July 1949, Page 7
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172HENRY FORD SAYS GREAT MISTAKE TO RAISE WAGES NOW Wanganui Chronicle, 25 July 1949, Page 7
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