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Quote by Jim Stanford

“This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.”

Quote by Jim Stanford

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Jim Stanford
Jim Stanford

Jim Stanford is an economist born on March 3, 1961. He has made significant contributions to the field of economics, particularly in labor economics and macroeconomic policy. more

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