It makes me wonder how companies managed to stay in business when there was lack of purchasing power and goods usually cost way more than today compared to the average salaries.
So people wouldn’t buy a lot of new products and generally products lasted longer.
How did companies make money during this period before mass consumption became normal and products started to be sold by the millions?
In: Economics
Executives weren’t making billions. They weren’t concerned about the stock prices and quarter after quarter growth. They prided themselves on how they treated their employees and longevity of employment. They were happy with enough instead of as much as possible. Basically, less greed
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