There’s an excellent Futility Closet podcast episode (that I couldn’t find just now) from a few years back about a turn-of-the-century clothing manufacturer who operated his company much as the one in the OP. It sounded like a great place to work. But after the original owner died, it eventually faltered and went out of business. One has to wonder how much the force of personality – the “good boss” – is necessary to make this kind of business model work.
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