Comment 52279

By Brandon (registered) | Posted November 26, 2010 at 17:15:34

The other side of the coin is what Henry Ford did, which was pay his employees enough so that they could afford to buy his products! Was he a socialist?

Pay your staff well and treat your staff well and you'll have little staff turnover. This leads to building up experience, which means that when things go wrong they get dealt with quickly instead of having inexperienced or unskilled staff panicking and exponentially increasing the effect of the problem.

Pure capitalism is all about paying the least to get the most. Like posting a job offer 50 jobs at $20/hr, but when 200 people show up you ask who's willing to work for $10/hr. There's more to business than just the bottom line.

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