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Quality, Costs, and Wages – Quote by Henry Ford

„There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.“

Henry FordHenry Ford on the ideal balance between high quality, low costs, and the highest possible wages.
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Henry Ford was an American industrialist and founder of the Ford Motor Company, known for introducing assembly line production.

Henry Ford combines high product quality, low costs, and fair wages into a clear principle for sustainable economic success.


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Henry Ford quote about quality, costs, and wages

Henry Ford (1863–1947) was a prominent American businessman and inventor who revolutionized the automobile industry. He made cars affordable to the masses by introducing assembly line production and pioneered modern mass production.

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"“The law of work seems unfair, but nothing can change it; the more enjoyment you get out of your work, the more money you will make.”" Mark Twain
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"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom." Woodrow Wilson
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"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." Woodrow Wilson
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"To the extent that handicrafts are wiped out by the competition of industry, and to the extent that the smaller entrepreneur, including the farmer, becomes unable to exist, we are all quite simply forced to submit in our way of life to the wishes of the large producers, to eat the food and put on the clothes they think good for us, and what is worst of all, by virtue of the conditioning bestowed upon us, we do not even realize that they are doing so." Konrad Zacharias Lorenz
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"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus by discreet action we can secure for ourselves that which has been so well planned and so successfully accomplished." Montagu Norman
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"The whole gospel of Karl Marx can be summed up in a single sentence: Hate the man who is better off than you are. Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others. Never under any circumstances admit that your own failure may be owing to your own weakness, or that the failure of anyone else may be due to his own defects - his laziness, incompetence, improvidence, or stupidity." Henry Hazlitt
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Link to: Henry Ford on Capital Punishment, Crime and Poverty Link to: Henry Ford on Capital Punishment, Crime and Poverty Henry Ford on Capital Punishment, Crime and PovertyHenry Ford quote about capital punishment, crime, and povertyCopyright © yoice.net – Quote Artwork Link to: Henry Ford on Speculation and Price Manipulation Link to: Henry Ford on Speculation and Price Manipulation Henry Ford quote image about speculation and price manipulationCopyright © yoice.net – Quote ArtworkHenry Ford on Speculation and Price Manipulation
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