Henry Ford's $5 Wage: The Move That Changed Everything

Henry Ford doubled wages when critics predicted bankruptcy. Instead, he doubled profits and transformed the entire labour market.

In 1913, Ford faced 380% worker turnover. His solution? More than double wages from $2.34 to $5 daily and cut hours from 9 to 8. The New York Times called him crazy.

Industrialists said he'd fail. Within 2 years, Ford doubled profits while competitors scrambled to match his wages.

One decision that reshaped how workers were paid across every industry.

🔗 Related Resources:
The Investors Centre: https://www.theinvestorscentre.co.uk/TIC/SM171125

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