Courses Quote by Henry Ford
“Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.”
About This Quote
Source Speech: Interview with Henry Ford, 1922
Wages are paid by the value created by the product, not directly by the employer.
In simple terms: Products generate wages, not employers.
Key Takeaway
Focus on product value creation.
Themes
economics
labor
production
management
Mood
analytical
pragmatic
Type
economic
business
When to use this quote
- business strategy
- manufacturing
- entrepreneurship
- policy making
Key Concepts
value creation
capital flow
labor economics
Questions to Reflect On
- How can companies ensure product value translates to fair wages?
- What role does management play in aligning production and compensation?
A Different Perspective
Wages also depend on market demand and fair labor practices.
![“Bernie [Ecclestone] is the commercial rights holder so the more outgoing the champion is, the better. Of course. I also do think about our sport and want to make an effort - but in my own way. I am Nico [Rosberg] and not Lewis [Hamilton]!” quote by Bernie Ecclestone](https://sms4smile.com/quotes/img-quotes/15c/bernie-ecclestone-8452_champion_bernie-ecclestone-is-the-commercial-righ_2948.jpg)
![“Leave a cavity behind the [wall] facings, and on the inside build walls two feet thick, made of red dimension stone or burnt brick or lava in courses, and then bind them to the fronts by means of iron clamps and lead. The beds and builds, all settling equally and bonded at the joints, will not let…” quote by Marcus Vitruvius Pollio](https://sms4smile.com/quotes/img-quotes/d76/marcus-vitruvius-pollio-7498_bed_leave-a-cavity-behind-the-wall-facings-a_5922.jpg)
