"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"
About this Quote
The subtext is managerial control. "One rule" narrows the world to a single measurable standard, implying that politics, unions, and reformers are distractions. In Ford's framing, labor peace isn't negotiated; it's engineered. Pay workers enough to buy the product, keep them steady, and you get a self-fueling market: wages become demand, demand becomes scale, scale drives unit costs down. High wages are not charity; they're a production strategy.
Context matters: early 20th-century America was convulsed by strikes, immigration-fueled factory labor, and rising skepticism about industrialists. Ford's famous $5 day (1914) made him a folk hero to some and a threat to competitors, while his operations also policed workers' lives and resisted organized labor. This line functions as both defense and branding. It tells the public that mass production can be socially constructive, and it tells rivals that the future belongs to firms ruthless enough to cut costs yet savvy enough to pay for stability.
It's a credo designed to make power look like pragmatism - and pragmatism look like benevolence.
Quote Details
| Topic | Business |
|---|---|
| Source | Later attribution: Engineering Economics for Aviation and Aerospace (Bijan Vasigh, Javad Gorjidooz, 2016) modern compilationISBN: 9781317288466 · ID: riwlDwAAQBAJ
Evidence:
... 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 . Henry Ford Total cost is the sum of all the fixed and variable costs ... |
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Citation Formats
APA Style (7th ed.)
Ford, Henry. (2026, February 16). 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. FixQuotes. https://fixquotes.com/quotes/there-is-one-rule-for-the-industrialist-and-that-16685/
Chicago Style
Ford, Henry. "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." FixQuotes. February 16, 2026. https://fixquotes.com/quotes/there-is-one-rule-for-the-industrialist-and-that-16685/.
MLA Style (9th ed.)
"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." FixQuotes, 16 Feb. 2026, https://fixquotes.com/quotes/there-is-one-rule-for-the-industrialist-and-that-16685/. Accessed 18 Feb. 2026.






