Industry

Quotes



For an infant industry, protection is a legitimate demand, but infants must grow up one day.

Speech (1971)
The task of industry is continuously, year on year, to make more and better things, using less of the world's resources.

Making It Happen (1988)
Any rigidity by an automobile manufacturer, no matter how large or how well established, is severely penalized in the market.

My Years with General Motors (1964)
Industry must manage to keep wages high and prices low. Otherwise it will limit the number of its customers. One's own employees should be one's best customers.

Quoted in The American Treasury 1455-1955 (Clifton Fadiman, ed.; 1955)
There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
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