The cost of living is a result and we cannot expect to keep a result constant if we keep altering the factors which produce the result.
 Henry Ford, My Life and Work (1922). copy citation

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Author Henry Ford
Source My Life and Work
Topic cost
Date 1922
Language English
Reference
Note
Weblink http://www.gutenberg.org/cache/epub/7213/pg7213-images.html

Context

“and the efficiency of these is the sum of the efficiencies of the management and the workers. Good work, well managed, ought to result in high wages and low living costs. If we attempt to regulate wages on living costs, we get nowhere. The cost of living is a result and we cannot expect to keep a result constant if we keep altering the factors which produce the result. When we try to regulate wages according to the cost of living, we are imitating a dog chasing his tail. And, anyhow, who is competent to say just what kind of living we shall base the costs on? Let us broaden our view and see what a wage is to the workmen—and what it ought to be.” source