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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.
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 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...
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.
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.
