Why $15 an hour minimum wage SUCKS

[onlinebiker]

In 1914, Henry Ford paid ALL of his male factory workers $5/day - the men who made the engine parts were paid the same as the men who bolted on the tires who were paid the same as cleaned the lavvys and swept the floors.

This is the equivalent of $16.25/hour today. Mr. Ford was well known for not going bankrupt.

Boru

Mr Ford was brilliant.

He paid well - and for many years got huge returns in terms of employee loyalty. His workers could afford to buy the cars they built.....


Then came the unions - promising "mo money".

It went downhill from there.


I have worked for companies that paid well. I made more in the 1990's in actial dollars than my SO makes now. (And she has the degree).

It is smart for companies to pay well - to employees that work well. It is how you get quality work and a low turnover in personell. You get company loyalty.

When you offer the lowest wages - expect shoddy employee performance.

It is blitheringly stupid for the government to require employers to pay higher wages to employees with no assets.