When Henry Ford introduced his first automobile, he was smart enough to pay his workers enough to buy the automobiles they were building. Ford’s factory production approach was all about volume, and he realized there was no point in building a lot of cars if he didn’t have a lot of customers. Ford’s insight helped usher in the birth of the American middle class—and provided a kick start for the city of Detroit.
Since that time to today, from Detroit to Silicon Valley, it has been the masses of America, not the high-end classes of America alone, driving this economic juggernaut. In fact, with the notable exception of wealth gained through criminal activity, war, government contracting, and the like, almost all real wealth accumulation in this country has come through the working poor, the struggling classes, and a broad middle class.
Read the complete article here on LinkedIn Influencers.
Watch the 4-minute movie on How The Poor Can Save Capitalism here.
Listen to the first national interview for How The Poor Can Save Capitalism, on the Steve Harvey Morning Show here.
Join the national HOPE 100-City Book Tour here.