Skip to main content

A friend of mine on facebook posted a link to an article from Business Insider which I thought might provide some talking points in favor of a more equatable solution to the income gap.The article leads off with a picture of Henry Ford and explains

Henry Ford voluntarily paid his teammates twice the market rate. This was not just great for the team. It was a brilliant business decision.
Ford understood there was no point in building cars that his own employees couldn't afford.Imagine the loyalty that must of inspired for a whole generation of workers.Ford despised unions but when you double pay over nite who cares?This policy also allowed him to halt turnover and retain the best workers.

Some stuff on income inequality below the squiggly thing.

The piece shows a graph which illustrates the fact that Corporate profits have hit an all-time high as a percent of the economy.

The next graph shows that wages are at an all-time low as percentage of the economy.

A final graph shows that capitol investment in everything but housing is way down.

I suppose most of you know this stuff already.This diary is for those who don't.It is beyond me how people don't understand that unless we peons have money to spend the economy will not soon recover. It is exceedingly interesting to me to find this theory in a business publication. The fault the article contends is the business' communities obsession with maximizing profit.They argue that America should be focused on creating value (a subject Thomm Hartman talks about a lot) instead of focusing on profit.

You can find the article here Business Insider.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site