Sublime

Narrative Science,

“Bowley’s Law.”

I learned not to take advantage of Mr. Ford or of his generosity. I could sense what he wanted and I did not need to be told what to do.

The Ford Model T was built so that every man could run it. Ford mass production made it available to everyone. Ford wages enabled everyone to afford it. The Ford $5 day rejected the old theory that labor, like other commodities, must be bought in the cheapest market. It recognized that mass producers are also mass consumers, that they cannot consum

Any rigidity by an automobile manufacturer, no matter how large or how well established, is severely penalized in the market — as we have seen was the case with Mr. Ford in the 1920s, when he stayed too long with his old and once dominantly successful concept of the business.