The Ford “buy their own product” myth

by Walter Olson on July 1, 2014

No, Henry Ford’s pioneering high-wage policy wasn’t intended to push up demand for the cars he made [Marc Hodak]

{ 2 comments }

1 Jesse Spurway 07.03.14 at 10:39 am

While the decision was about employee turnover, from the Ford website –
“Henry Ford had reasoned that since it was now possible to build inexpensive cars in volume, more of them could be sold if employees could afford to buy them. “

2 Walter Olson 07.03.14 at 10:52 am

No one ever denied that the Ford company itself might eventually have helped spread the myth (which could sometimes have proved helpful to its corporate image).

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