Hedrick Smith

“We are literally Two Americas, remarkably out of touch with each other— the fortunate living the American Dream but lacking any practical comprehension of how the other half are suffering, month in and month out, unaware of the enervating toll of economic despair on the unfortunate half, many of whom just two or three years before had counted themselves among the fortunate.”
― Hedrick Smith, Who Stole the American Dream?

“Henry Ford gave that idea popular currency when he brought out the famous Model T car and announced in 1914 that he would pay his workers the then unheard-of wage of $ 5 a day. Not only was it a matter of social justice, Ford later wrote, but it was smart business. When wages are low, Ford argued, business and the economy are at risk. But when pay is high and steady, Ford reasoned, business is more secure because workers earn enough to be good customers and eventually to be able to afford to buy Model Ts.”
― Hedrick Smith, Who Stole the American Dream?