The Myth of the Socially Conscious Corporation ...Middle East

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Between 1927 and 1931, the number of suicides in Detroit rose five-fold. The cause was unmistakable: The stock market crash of 1929 had hit the auto industry hard, stimulating widespread unemployment in Motor City. In 1932 the Detroit Times estimated that, accounting for dependents, nearly 700,000 people were directly affected by unemployment—almost half the population of the city. Suicide often came on the heels of starvation.Of the city’s unemployed, over one third were known as “Ford cases,” meaning they’d been laid off by the Ford Motor Company. “The average man won’t really do a day’s work unless he is caught and cannot get out of it,” the company’s founder Henry Ford told an Ohio newsp

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Last updated : 27 January 2023 clock 02:20 PM

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The Myth of the Socially Conscious Corporation ...Middle East

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