If anyone made it through the entire article one of the main thrusts was using Henry Ford as some sort of central piece...Forbes on that...
"One major error is that he uses Henry Ford’s $5 a day wages as a central plank of his insistence that higher wages will increase the sales of those who pay those higher wages:
The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
The problem is that that isn’t why Ford raised those wages. Rather, he wanted to reduce the turnover of staff and thus to reduce his training and recruitment bill. He was cycling through 50,000 odd people a year in order to keep a permanent establishment of some 14,000. Doubling wages pretty much stopped that turnover and thus made him money in that manner."
Nick Hanauer's Latest Near Insane Economic Plan - Forbes