Henry Ford: Highest Wage Possible

Posted by admin on Thursday, September 28, 2023

Meaning of Henry Ford Money Quote: saying make great stuff at low cost and paying high wages for successful business. Henry Ford said:

 

 

“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 Ford

 

 

In this quote, Henry Ford is outlining his philosophy of business and manufacturing. He advocates that industrialists should aim to produce the highest quality goods possible while keeping costs as low as can be reasonably achieved.

At the same time, he stresses the importance of paying workers the highest wages that the business model allows. This approach sees quality, efficiency and fair compensation as complementary rather than competing priorities.

Ford appears to believe this balanced strategy is the best way to run a sustainable business that benefits all stakeholders over the long run – customers, shareholders and employees alike. The quote promotes a holistic view of business success beyond just profits or low prices.

Birthday: July 30, 1863 – Death: April 7, 1947

Categories: business Tagged:costhenry fordwages