Social Sciences and History / Unit 12 SSH 1111 short lesson, about 20 seconds
Fordism, Taylorism, Economies of Scale
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The idea
Fordism is rational mass production that standardizes and simplifies: assembly lines, mass consumption on higher wages. Taylorism is the scientific management of production. Economies of scale are efficiencies gained by operating at larger scale. Neo-Fordism keeps mass production and consumption but adds flexibility.
In practice
Competition's relentless pressure to cut costs.
Where people slip
Marx's falling rate of profit frames that pressure.
Your place on the trail
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