Every American should be sickened by the news that Detroit is bankrupt. What was once the envy of the world for its pioneering automobile industry has become an also-ran on the world stage.
What went wrong? In one word: unions.
At the start of the 20th century, Henry Ford recognized that innovation and a productive work force was a winning combination.
According to Ford Motor Co.’s own overview: “Early on, Ford had shocked his business and industrial contemporaries by creating the $5 workday, ...
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