Brilliant ideas: Henry Ford’s autobiography

Henry Ford’s autobiography is jam packed with brilliant ideas so far:

Give the customer the best possible deal. Every year Henry Ford reduced prices on vehicles.

Pay employees more. Henry Ford paid double the going average wage.

Focus intensely. Henry Ford only built one car: the Model T and tried to make it as simple, reliable, and inexpensive as he could.… read more “Brilliant ideas: Henry Ford’s autobiography”

Antiwork and the Labor Shortage

The antiwork movement is extremely popular online. Supporters of this view are brigade downvoting any view they see as opposed to this: especially if it suggests that government handouts result in people not wanting to work.

I think the desire for better pay and better work conditions are well founded. Most of our Fortune 500 companies are run by hired gun CEOs, not founders, that are trying to extract maximum short term profits at the expense of employees and customers and the environment.… read more “Antiwork and the Labor Shortage”

Lecture on Economic History

I listened to my economic history lecture while riding my bike. I learned that most nations in the 1500-1700s believed in mercantilism, basically the theory that wealth in the world was fixed and the only way to make a nation wealthy was to export more than it imported. Adam Smith disagreed (rightly) and theorized that labor * labor efficiency was what created wealth.… read more “Lecture on Economic History”