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Mar 4, 2012 · There's an argument you see around sometimes about Henry Ford's decision to pay his workers those famed $5 a day wages.
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Why did Henry Ford make 5 dollars a day?
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On January 5, 1914, Henry Ford and his vice president James Couzens stunned the world when they revealed that Ford Motor Company would double its workers’ wages to five dollars a day. This groundbreaking decision for the average Ford assembly line worker salary generated glowing newspaper headlines and editorials around the world.
- The Henry Ford
In 1914, Henry Ford took the radical step of paying workers $5 per day for a 40-hour work week; he called this compensation "profit-sharing." Ford's turnover problem disappeared. In addition, Ford workers could buy the cars they produced, benefitting the company.
Jan 5, 2012 · On Jan. 5, 1914, Henry Ford, head of the Ford Motor Company, introduced a minimum wage scale of $5 per day, more than doubling the wages for most employees.
Jan 27, 2014 · January 1914 was a frigid month in Detroit — much like January 2014 has been, but nonetheless thousands lined up in the bitter cold outside to take Henry Ford up on an extraordinary offer: $5...
The Five Dollar Day. On January 5, 1914, Henry Ford announced a minimum five dollar salary for all elegible employees working eight-hour days. It was conceived as a profit-sharing plan which would motivate Ford employees to adopt efficient and productive habits at both the factory and the home.
Celebrate Henry Ford’s bold and historic decision to offer workers a wage of $5 per day with $5 admission on Saturday, November 2, 2019, to each of our attractions: Henry Ford Museum of American Innovation ®, Greenfield Village ®, Ford Rouge Factory Tour and the Giant Screen Experience.