Detroit’s existing workers weren’t harmed by a global influx of people in pursuit of Henry Ford’s $5/daily wage. The impressive pay Ford offered as a way of shrinking employee turnover logically added to the productivity of Detroit’s existing workforce, and by extension their ability to earn even more.
That’s because people are never a cost, they're an input. The more hands at work in the production of market goods, the more worker elevation born of specialization.
indices in 2026 relative to 2001 for a market verdict that would reflect China's happy rise, among other things.
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