Keep letting cooperate owners buy more houses and not let a middle class grow.
“The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made."
This quote indicates that Henry Ford saw the wage increase as a strategic business decision. It benefited the company by reducing labor turnover, improving efficiency, and potentially creating a new market of consumers for his cars. The $5-a-day wage was groundbreaking and significantly above the industry average.
Keep letting cooperate owners buy more houses and not let a middle class grow.
“The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made." This quote indicates that Henry Ford saw the wage increase as a strategic business decision. It benefited the company by reducing labor turnover, improving efficiency, and potentially creating a new market of consumers for his cars. The $5-a-day wage was groundbreaking and significantly above the industry average.