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
What this quote means
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.
Themes
UnemploymentWagesLaborIndustryEconomics
In practice
Example use cases
During a labor rights conference to advocate for fair wages in industries.
More from Henry Ford
All quotes →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.
Henry FordRead
An Airplane takes off against the wind, not with it.
Henry FordRead
Merely gathering knowledge may become the most useless work a man can do. What can you do to help and heal the world? That is the educational test.
Henry FordRead
I cannot discover that anyone knows enough to say definitely what is and what is not possible.
Henry FordRead
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.
Henry FordRead
Similar quotes
In the 1930s, unemployed working people could anticipate that their jobs would come back.
Noam ChomskyRead
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Alan GreenspanRead
In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.
Lysander SpoonerRead
People want economy, and they'll pay any price to get it.
Lee IacoccaRead
After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.
Ben BernankeRead
I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results
Milton FriedmanRead