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Now maybe AI will buy their products?

• gruez 2y ago
  It never makes sense to employ people as a jobs program, just so you can get more customers.
  • blibble 2y ago
    henry ford essentially created the middle class with the approach that you are saying "never makes sense"
    • gruez 2y ago
      Is there any evidence for that claim aside from it being an oft-repeated tale on the internet? Mathematically it can't possibly work, because you're spending $80k (or whatever) on an employee that might spend $30k on a car every 5 years, so paying $80k/year to get $6k/year in revenue. It's actually worse than that, because Ford only makes around 15% gross margin, so at best that's $900 of money you get back for spending $80k on an employee. That's so low that Even if you account for money multiplier effects, it's unlikely you'll get anywhere near break even.