The 1913 Ford Five-Dollar Day That Doubled Wages

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The 1913 Ford Five-Dollar Day That Doubled Wages

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In January 1914, Henry Ford announced he would pay his factory workers $5 per day — more than double the prevailing wage. Critics called it reckless; within two years, Ford's profits surged and turnover collapsed. This episode unpacks the economics behind one of the most famous labor experiments in history: how a wage hike reshaped productivity, consumption, and the very idea of what a company owes its workers. Lucas and Luna examine the data, the backlash, and the lasting lesson for modern minimum wage debates. #HenryFord #FordMotorCompany #FiveDollarDay #LaborEconomics #MinimumWage #Productivity #EfficiencyWages #IndustrialRevolution #Detroit #1914 #HighlandParkPlant #MassProduction #ProfitSharing #Turnover #Economics #EconomicHistory #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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