Columbia, SC — In a March 25 letter, “Too many want handouts,” Lucian Frost wrote, “Without additional demand for products or services, there is no need for additional employees.” I would like to expand on that comment.
Nearly 100 years ago, Henry Ford gave his employees a huge raise that had his competitors and his own board of directors telling him he was crazy. Despite the opposition, Henry Ford did not back down. The result was more productivity from his workers, who had more money to spend on products and services. Many even had enough money to buy one of Ford’s Model T’s. Profits soared.
Businesses are not going to increase production unless there is a growing demand for their products or services. Giving more tax breaks to the wealthiest Americans is not going to increase production or promote job growth without that growing demand for a product or service.
As Henry Ford realized, more workers making more money will promote prosperity for all of us. I dislike freeloaders who refuse to work but want a handout. However, people who do want to work should be given all the help we can give them to find a decent job at a decent wage.