Historical Events tagged with "wage"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Economics & Industry

Ford Motor Company Introduces $5 Workday

January 5th, 1914 111 years ago

The Ford Motor Company announced the implementation of an eight-hour workday with a minimum daily wage of $5, significantly improving workers' conditions. This announcement, made by Henry Ford at the company's Detroit plant, aimed to enhance productivity and worker satisfaction while reducing manpower turnover. The move was unprecedented in the American industry and was designed to attract and retain skilled labor during a period of rapid industrial growth. This change also included bonuses and was part of Ford's broader vision for reforming labor practices in the automotive industry.

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