Share 'Why Paying Employees More Is A Great Way To Save Money'
An assembly line at a Ford plant. Credit: Wikipedia Commons
In 1914, Henry Ford did something dramatic, to the point it made headlines in newspapers across the country – he increased pay from $2.25 a day to $5 a day for his factory workers.
Not that the $5 was guaranteed. Workers got $2.25 daily and the other half was a bonus that was given to them if they did things the “American” way, i.e. th…
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