He did this because he was tired of having so many absentees at his plant, the problem was in much need of fixing since, “Ford went through more than 52,000 men to keep a workforce of only 14,000 working full time.”(Stanford) He raised the wage of his workers to $5 a day and reduced the hours of work in a day from 9 to 8 hours. This bold move had positive impact on Ford 's Motor Company since labor shortages almost disappeared and “Over 10,000 applicants gathered outside the Ford plant in Highland Park after the wage was announced.”(Eisenstein) Everyone wanted a job with Ford, and because of that Ford was able to increase his profits since he was spending less money in hiring new employees and now he only had to pay the workers that he already had.With the high pay raise no one wanted to lose their job and because of that production increased as well as production.(Folsom) Raising the minimum wage to $5 a day and cutting work hours from 9 to 8 a day allowed Henry Ford to keep a constant and steady workforce which in return allowed him to lower his automobile prices and make them affordable to more Americans, including his own
He did this because he was tired of having so many absentees at his plant, the problem was in much need of fixing since, “Ford went through more than 52,000 men to keep a workforce of only 14,000 working full time.”(Stanford) He raised the wage of his workers to $5 a day and reduced the hours of work in a day from 9 to 8 hours. This bold move had positive impact on Ford 's Motor Company since labor shortages almost disappeared and “Over 10,000 applicants gathered outside the Ford plant in Highland Park after the wage was announced.”(Eisenstein) Everyone wanted a job with Ford, and because of that Ford was able to increase his profits since he was spending less money in hiring new employees and now he only had to pay the workers that he already had.With the high pay raise no one wanted to lose their job and because of that production increased as well as production.(Folsom) Raising the minimum wage to $5 a day and cutting work hours from 9 to 8 a day allowed Henry Ford to keep a constant and steady workforce which in return allowed him to lower his automobile prices and make them affordable to more Americans, including his own