Articles written by Kenneth E. Ehlers

Kenneth E. Ehlers|Updated Mar 4, 2003

According to William H. Boyer in his guest editorial in The Nugget February 17, Henry Ford knew more about economics than George Bush. He reasoned that to help sell more Model T Fords to employees, Ford raised all his workers wages to $5 a day. Well, if raising wages to $5 a day would sell more Model T's, why didn't he raise them to $10 and sell even more cars? Of course, the price of the cars would have had to be increased so much that few consumers would have been able to buy them. I think old Henry was pretty smart to... Full story