Henry Ford It's Not What You Think Analysis
Ford is well known for his unique system of production he used in his automobile factories, compared to others. While the majority of automobile factories at the time would pay employees as little as possible, and sell their cars for high prices, Ford did just the opposite. Ford instead paid his workers the highest wage he could, and produced cars that were affordable for a large majority, rather than just the upper class. Specifically, Ford paid his employees $5.00 a day, which was almost double what other automobile factory workers would typically make at the time. Ford claimed the reason he paid a $5 per day wage was in attempts to create a blue collar middle class who, with this high wage, could hopefully afford their own Ford Product. …show more content…
However, what Worstall points out in his article "The Story of Henry Ford 's $5 a Day Wages: It 's Not What You Think", is that Ford actually did this in order to reduce turnover rate of his labor force and training time for employees in the
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