Henry Ford Minimum Wage Case Study

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Creating jobs and increasing our minimum wage we can logically deduct that it will lend a hand to a more robust economy as people will have the monies they need to purchase products, services, etc. This enhanced purchasing position allows companies to create more products/product lines and offer more services to meet the demand. This is simple economics.
If you create a widget and no one can afford to purchase the widget, the widget need not exist.
Consider a great American icon; Henry Ford’s doubling his minimum wage from $2.30 per day to $5 per day, recognizing that industry has a responsibility to keep wages high and prices low. His increase made it so his own employees could purchase Ford vehicles, built their loyalty to the organization,

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