Able Quote by John J. Sweeney
“Henry Ford was right. A prosperous economy requires that workers be able to buy the products that they produce. This is as true in a global economy as a national one.”
About This Quote
Source Speech: Economic Outlook, 2008
Economic health depends on workers' ability to purchase what they make, linking production to consumption.
In simple terms: Workers must afford the goods they produce.
Support wages that match product prices.
Themes
Mood
Type
When to use this quote
- policy making
- business planning
- consumer education
- labor negotiations
Key Concepts
Questions to Reflect On
- How can companies balance fair wages with profitability?
- What role does government play in ensuring this balance?
Higher wages may increase costs for businesses.