Wages

In 1914, Henry Ford more than doubled the wages of his employees, effectively distributing $10 million in profits to his workers. His philosophy was that paying employees better made them more likely to afford the cars they were making. It was a virtuous cycle, a race to the top. Yet for the past 50 years, most multinationals have been chasing the lowest cost labour. A coalition of 10 global companies – led by IDH: The Sustainable Trade Initiative and including Fairphone, L’Oréal and Unilever – want to revive Ford’s practice by committing to pay a living wage throughout their supply chains.

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 5. Buy on Lulu ↗