Saturday, January 5, 2013

Henry Ford's Secret: Labor

On this day 99 years ago, Henry Ford announced a minimum wage of $5 an hour for employees. Now, 99 years later, the Federal minimum wage is only $7.25 an hour.

The standard wage for factory workers then was less than half what Ford payed. The high Ford wage proved key to decreasing turnover and increasing worker morale, leading to increased production and quality.

Henry Ford invented mass production as we know it today--except he was very progressive in his treatment of labor, understanding the skilled and motivated worker is the key to manufacturing success. 


labor, labor day, labor union, minimum wage, Henry Ford
New York Times, labor, labor day, labor union, minimum wage, Henry Ford
 

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