There is one rule for the industrialist and that is: Make…
“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.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Industrial success requires high quality, low cost, and high wages simultaneously.
In simple terms: Combine quality, cost, and wages.
Key Takeaway
Seek innovative efficiencies that benefit workers and consumers.
Themes
efficiency
fairness
innovation
Mood
analytical
pragmatic
Type
business
philosophical
When to use this quote
- manufacturing processes
- product design
- salary negotiations
Key Concepts
economics
labor relations
Questions to Reflect On
- Can modern technology reconcile quality, cost, and wages?
- What trade‑offs are acceptable in your industry?
A Different Perspective
Achieving all three goals may be financially unsustainable.