"Progress and Poverty : An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth : The Remedy " seeks to explain why poverty exists notwithstanding widespread advances in technology and even where there is a concentration of great wealth such as in cities.
12.
A Cleveland, Ohio, newspaper editorialized that the announcement " shot like a blinding rocket through the dark clouds of the present industrial depression . " The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing their human capital and expertise, raising productivity, and lowering training costs.
