3 ms·
Here's a good commentary: http://archive.is/QX6kB http://archive.is/QX6kB == https://www.forbes.com/sites/timworstall/2012/03/04/the-story-of-henry-fords-5-a-d
by iguy 8y ago
Here's a good commentary:
http://archive.is/QX6kB http://archive.is/QX6kB == https://www.forbes.com/sites/timworstall/2012/03/04/the-story-of-henry-fords-5-a-day-wages-its-not-what-you-think/ https://www.forbes.com/sites/timworstall/2012/03/04/the-stor...
Ford was paying above-par wages to have a more-stable workforce, because his production line was more sensitive to bad/absent workers than the typical factory of his time.
It also came with a fair dose of patronage, like inspections of workers houses to make sure they weren't drinking, and were teaching their kids english.