You are the Master of your Fate, the Captain of your Soul.
Henry FordRead
There should be no unemployment. There is large percentage of labor now which cannot make a living because wages are not high enough. That is industry's 2nd job. 1st job is to make good product. 2nd pay a good wage.
Interpretation
Henry Ford emphasizes the importance of fair wages and quality products in ensuring employment and economic stability.
In this quote, Henry Ford argues that unemployment should not exist if industries responsibly provide fair wages alongside producing quality products. He believes that it is an organization's duty to not only focus on manufacturing good products but also to ensure that the wages paid to workers allow them to sustain a living, underscoring a connection between ethical business practices and economic health.
In practice
During a labor rights conference to advocate for fair wages in industries.
You are the Master of your Fate, the Captain of your Soul.
Work mixed with management becomes not only easier but more profitable. The time is past when anyone can boast about 'hard work' without having a corresponding result to show for it.
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I cannot discover that anyone knows enough to say definitely what is and what is not possible.
A dollar put into a book and a book mastered might change the whole course of a boy's life. It might easily be the beginning of the development of leadership that would carry the boy far in service to his fellow men.
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.
When you bring in multi-brand retail items into the country, you're not just bringing the products, but you're also harming local manufacturers.
Economic systems are not value-free columns of numbers based on rules of reason, but ways of expressing what varying societies believe is important.
Economists argue about the relative impact of immigrants versus robots on wage stagnation - voters don't care much. They blame immigrants. It's easier to get mad at a person from Macedonia or Mexico, taking your job than it is to get mad at a piece of technology from Silicon Valley.
There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
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