Henry Ford's Detroit-based automobile company had broken ground in its labor policies before. In early 1914, against a backdrop of widespread unemployment and increasing labor unrest, Ford announced that it would pay its male factory workers a minimum wage of $5 per eight-hour day, upped from a previous rate of $2.34 for nine hours (the policy was adopted for female workers in 1916). The news shocked many in the industry--at the time, $5 per day was nearly double what the average auto worker made--but turned out to be a stroke of brilliance, immediately boosting productivity along the assembly line and building a sense of company loyalty and pride among Ford's workers.
The decision to reduce the workweek from six to five days had originally been made in 1922."
http://www.history.com/this-da...ers-get-40-hour-week
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I would also like to point out that you just shot yourself in the foot on your argument against raising the minimum wage.
The whole "why pay a higher wage when you can get someone to do the job for less? Its good business to pay what the market demands." Is obviously not the attitude of Henry Ford. One of the most successful business men in the history of our country. Today's corporations should "study a bit more" on how Mr. Ford did it. He understood that a well paid employee is a productive and loyal employee.
Of course Cosco has been proving that for years.