One of the folk myths I - and I assume many of you - grew up with was the one about Henry Ford deciding to pay his workers a decent wage so that they could actually afford to buy one of his cars. I don't call it a myth to suggest it's untrue, I actually have no idea the degree of truth or truthiness of that particular tale, just that it was part of the Story Of Us that we learned about in school.
The point of that story was that the creation and rise of a large middle class was part of what made America great, even if it was the entrepreneurial genius of Ford that made it happen, not Big Guvmint.
It really isn't the story we're telling anymore.