David A. Goldfarb said:
I guess that's why Carnegie employed Pinkerton guards to suppress labor strikes and bring in replacement workers---so they wouldn't have to pay the help too much. Actually, he usually had Henry Clay Frick do his dirty work.
Oh!! Did you take that to be an endorsement of an entire philosophy of life, or some sort of "canonization" from the personal life of anyone?
It was not meant to be ... only to draw attention to one interesting facet of a complex study of "Why Companies Are Successful." There is, apparently, a significant and undeniable correlation between the levels of compensation of the "rank-and-file" and the financial success of the enterprise. Ford, in his time, was viewed as overpaying his employees; consider IBM; I saw, first-hand, the same at Polaroid while I was there, and Polaroid was making money hand over fist - only to slide into the toilet when wages were cut.
I maintain that moving operations to Third-World or "low wage" Countries is wrong, and massively counterproductive.
In another life, I was a Quality Control Engineer for a large electrical/ electronic equipment company. I have an exercise indelibly imprinted on my mind, where the company transferred the manufacturing of a certain line of stable components to a "Banana Republic" ... "They'll work for $.30 an hour - and well take care of all the engineering from here." Right. The employees were not the most reliable ... they could literally make more than $.30 an hour cutting sugar cane and harvesting bananas.
After four months of ruining materials and components, the parent company threw in the towel. Everything remaining was shipped back for appraisal, and possible salvage. Nothing was salvageable and all($$) was deposited in the local dump.
Although this is only peripherally applicable to photography, I really wanted to explain the rationale behind my "Law".
If anyone has any information to support an alternative --- "Cutting wages results in long term financial success", I'd really like to know about it - I haven't found one instance yet.