$5 per 8hr workday: Ford instituted a new labor policy, which made American economic history. The work day was cut from 9 hours to 8 hours per day and everyone was paid a minimum of $5.00 per day. This stabilized the workforce at Ford and attracted the best labor from all over the country. From the collections of The Henry Ford and Ford Motor Company. (4/22/08)
Grundlagen des Kapitalismus: Die WARENPRODUKTION.