This is why the minimum wage is not needed

[Votto]

Ford CEO Found Young People Didn't Want to Work There Because $17 Wages Left Them 'So Stressed' - Then He Made An Expensive Change 'The Country Needs'

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive. Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he...

www.yahoo.com

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive.

Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he made a move that echoed the bold playbook of Henry Ford himself—one that he says America desperately needs more of.

In a June interview at the Aspen Ideas Festival with Walter Isaacson—the renowned biographer best known for his books on Steve Jobs, Leonardo da Vinci, and Elon Musk—Farley peeled back the curtain on what younger workers were really telling him about life on a $17 wage.

"The older workers who'd been at the company said, ‘None of the young people want to work here. Jim, you pay $17 an hour, and they are so stressed,'" Farley recalled. "They've got to work at Amazon for eight hours, then they come over to Ford for seven hours, and then they sleep for three or four hours—and then they go back. And they're barely getting by."

Rather than issue a tone-deaf memo or wait for another generation to settle for less, Farley made a decisive, expensive change: he converted every temporary worker into a full-time employee.

"It wasn't easy to do," he admitted. "It was expensive. But I think that's the kind of changes we need to make in our country."

Farley's move isn't just about better paychecks—it's about reviving an old-school idea that once turned Ford into a powerhouse: when you pay workers well, they can afford the products they help build.

Quoting the legendary Henry Ford, Farley said, "‘I'm doing this because I want my factory worker to buy my cars. If they make enough money, they'll buy my own product.'" Then he added, "It's a self-fulfilling prophecy, in a way."

IF corporations what to continue to thrive, they need a reason for people to want to work for them, in addition to needing people to buy their products.

It is just that simple.

 

[Crepitus]

Ford CEO Found Young People Didn't Want to Work There Because $17 Wages Left Them 'So Stressed' - Then He Made An Expensive Change 'The Country Needs'

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive. Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he...

www.yahoo.com

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive.

Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he made a move that echoed the bold playbook of Henry Ford himself—one that he says America desperately needs more of.

In a June interview at the Aspen Ideas Festival with Walter Isaacson—the renowned biographer best known for his books on Steve Jobs, Leonardo da Vinci, and Elon Musk—Farley peeled back the curtain on what younger workers were really telling him about life on a $17 wage.

"The older workers who'd been at the company said, ‘None of the young people want to work here. Jim, you pay $17 an hour, and they are so stressed,'" Farley recalled. "They've got to work at Amazon for eight hours, then they come over to Ford for seven hours, and then they sleep for three or four hours—and then they go back. And they're barely getting by."

Rather than issue a tone-deaf memo or wait for another generation to settle for less, Farley made a decisive, expensive change: he converted every temporary worker into a full-time employee.

"It wasn't easy to do," he admitted. "It was expensive. But I think that's the kind of changes we need to make in our country."

Farley's move isn't just about better paychecks—it's about reviving an old-school idea that once turned Ford into a powerhouse: when you pay workers well, they can afford the products they help build.

Quoting the legendary Henry Ford, Farley said, "‘I'm doing this because I want my factory worker to buy my cars. If they make enough money, they'll buy my own product.'" Then he added, "It's a self-fulfilling prophecy, in a way."

IF corporations what to continue to thrive, they need a reason for people to want to work for them, in addition to needing people to buy their products.

It is just that simple.

Dude, you should stick to your lame attempts at humor.

This is an argument for minimum wages to be raised, not against them existing.

 

[1srelluc]

Dude, you should stick to your lame attempts at humor.

LOL....And even then he's about as funny as Shingles.

 

[g5000]

IF corporations what to continue to thrive, they need a reason for people to want to work for them, in addition to needing people to buy their products.

It is just that simple.

You can't possibly be this gullible.

If the solution was "just that simple" it would already be a done deal. This is colossal ignorance of human nature, which is so typical of Libertarians.

CEOs don't give a flying **** about their workers. That's why the income gap between them and their employees has gotten wider and wider and wider.

A couple of anecdotes don't mean ****-all. Look at the reality.

 

[justoffal]

Ford CEO Found Young People Didn't Want to Work There Because $17 Wages Left Them 'So Stressed' - Then He Made An Expensive Change 'The Country Needs'

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive. Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he...

www.yahoo.com

Turns out, a $17-an-hour paycheck doesn't go as far as it used to—especially if you're young, exhausted, and juggling two jobs just to survive.

Ford (NYSE:F) CEO Jim Farley heard this loud and clear from his own factory floors. And instead of shrugging it off or blaming "kids these days," he made a move that echoed the bold playbook of Henry Ford himself—one that he says America desperately needs more of.

In a June interview at the Aspen Ideas Festival with Walter Isaacson—the renowned biographer best known for his books on Steve Jobs, Leonardo da Vinci, and Elon Musk—Farley peeled back the curtain on what younger workers were really telling him about life on a $17 wage.

"The older workers who'd been at the company said, ‘None of the young people want to work here. Jim, you pay $17 an hour, and they are so stressed,'" Farley recalled. "They've got to work at Amazon for eight hours, then they come over to Ford for seven hours, and then they sleep for three or four hours—and then they go back. And they're barely getting by."

Rather than issue a tone-deaf memo or wait for another generation to settle for less, Farley made a decisive, expensive change: he converted every temporary worker into a full-time employee.

"It wasn't easy to do," he admitted. "It was expensive. But I think that's the kind of changes we need to make in our country."

Farley's move isn't just about better paychecks—it's about reviving an old-school idea that once turned Ford into a powerhouse: when you pay workers well, they can afford the products they help build.

Quoting the legendary Henry Ford, Farley said, "‘I'm doing this because I want my factory worker to buy my cars. If they make enough money, they'll buy my own product.'" Then he added, "It's a self-fulfilling prophecy, in a way."

IF corporations what to continue to thrive, they need a reason for people to want to work for them, in addition to needing people to buy their products.

It is just that simple.

Excellent

 

[Moonglow]

My first job was at an A&W as a car hop fer one dollar an hour in 1973.

 

[BULLDOG]

My first job was at an A&W as a car hop fer one dollar an hour in 1973.

50 cent an hour delivering furniture 1969. Quit there and went to an upholstery shop for 1.15

 

[justoffal]

50 cent an hour delivering furniture 1969. Quit there and went to an upholstery shop for 1.15

A 230% raise!

 

[Votto]

50 cent an hour delivering furniture 1969. Quit there and went to an upholstery shop for 1.15

Do you really think that the minimum wage prevents people from being forced to work for that today?

No.

 

[jc456]

My first job was at an A&W as a car hop fer one dollar an hour in 1973.

Fk an A. My first job was at an A&W as a counter boy in 1972. Use to go bowling after we closed down at 16 years old. An experience I will never forget. My wage I don't remember, but it was at least a dollar an hour. But gas was 25 cents a gallon.

 

[BULLDOG]

A 230% raise!

Yep. I was making 11.50 per week working 2 hours a day after school. I thought there would never be another poor day.

 

[dblack]

This is an argument for minimum wages to be raised, not against them existing.

Not really. It shows that, despite the liberal presumption that we're all just hapless slaves, people are perfectly capable of deciding for themselves what their "minimum wage" will be.

 

[Crepitus]

Not really. It shows that, despite the liberal presumption that we're all just hapless slaves, people are perfectly capable of deciding for themselves what their "minimum wage" will be.

And then starving when no one will pay it.

 

[Votto]

Not really. It shows that, despite the liberal presumption that we're all just hapless slaves, people are perfectly capable of deciding for themselves what their "minimum wage" will be.

The Left almost acts as if that making at least the minimum wage somehow lifts you out of poverty.

 

[dblack]

And then starving when no one will pay it.

Heh... right. That's really how liberals think. You think that, unless big daddy government steps in, we'll just wallow in our own filth until we expire.

 

[airplanemechanic]

25 years ago I was pumping jet fuel at midnight into airliners by myself for 5.15 an hour, and I had a college degree. Thanks to the dot-com bubble that Clinton handed Bush, there were no jobs in my field when I graduated. Two months after graduation planes slammed into the WTC and finding a job became almost impossible in the impending recession.

So I had to get a blue collar job with a bachelors degree.

 

[jc456]

And then starving when no one will pay it.

giving away free money is the root cause for that scenario!! You're too stupid to know it. You trust demofks.

 

[justoffal]

Yep. I was making 11.50 per week working 2 hours a day after school. I thought there would never be another poor day.

Trying to remember what 11:50 would buy at that time. I guess it'd be roughly equivalent to about 100 bucks today.

 

[jc456]

The Left almost acts as if that making at least the minimum wage somehow lifts you out of poverty.

they have no ability to understand life and costs. They only know free!!! they are the, thank you sir may I have another culture.

 

[BULLDOG]

Trying to remember what 11:50 would buy at that time. I guess it'd be roughly equivalent to about 100 bucks today.

It bought my first car- 100 dollars -, gas, school lunches and supplies, and I even had enough left over for a movie on Saturday night.