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vinny9698

(1,016 posts) Sat Nov 9, 2013, 01:29 PM Nov 2013

Minimum wage challenge: Why did Henry Ford double his employees wages? [View all]

History and facts are hard to argue against. If raising the minimum wage would bankrupt, lead to massive layoffs, how did Henry Ford's doubling his employees wages worked out?
http://corporate.ford.com/news-center/press-releases-detail/677-5-dollar-a-day
Historical proof that raising the minimum wage helps instead of hurts the economy.

I am trying to prove that raising the minimum wage is not going to bankrupt or lead to massive layoffs. That's the point I am trying to make.

31 replies

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Minimum wage challenge: Why did Henry Ford double his employees wages? [View all] vinny9698 Nov 2013 OP

everything I've ever read dlwickham Nov 2013 #1

Me too. ScreamingMeemie Nov 2013 #3

He was a raging anti-Semite. Behind the Aegis Nov 2013 #13

Wow... How amazing is it that I spent 27 years living within 20 miles ScreamingMeemie Nov 2013 #22

He bankrolled the publication of the "Protocols" libel Recursion Nov 2013 #26

Henry Ford was a brilliant business person, but he was a corrosive ant-semite and bluestate10 Nov 2013 #30

Henry Ford increased wages because he couldn't get employees without doing it. Taitertots Nov 2013 #2

To work at Ford motors when Henry was running it, was to lose your job if you shraby Nov 2013 #10

He wanted a stable and experienced labor force hack89 Nov 2013 #31

To keep his labour force, turnover was too high arthritisR_US Nov 2013 #4

+1 The myth of happy consumers is just myth leftstreet Nov 2013 #23

Ya, that was my understanding. I don't think he had an arthritisR_US Nov 2013 #29

Union organizers were creeping around the corner. demosincebirth Nov 2013 #5

Not really. former9thward Nov 2013 #19

I was not referring to the UAW demosincebirth Nov 2013 #25

Its telling that you don't say who you were referring to... former9thward Nov 2013 #28

I believe this is the right answer Major Nikon Nov 2013 #27

Too much money!! RobertEarl Nov 2013 #6

Yeah but after he gave them a raise he had to lay them off. Kingofalldems Nov 2013 #7

So his workers could afford to buy the cars they were making (his cars). Greybnk48 Nov 2013 #8

Me too BuelahWitch Nov 2013 #12

Same here 1000words Nov 2013 #15

Higher min wage would lead to more job openings due to people being able to JaneyVee Nov 2013 #9

Ford paid high wages to make a market for his products. Walmart does the same. patricia92243 Nov 2013 #11

Because he was a socialist? libdem4life Nov 2013 #14

So that he could rule over his employees with an iron fist. JVS Nov 2013 #16

THIS dairydog91 Nov 2013 #18

Exactly. If your idea of how to spend your money was buying a Ford and driving out to the country.. JVS Nov 2013 #21

I don't know about the salt thing, but he had a problem if you drank or if your wife had a job Incitatus Nov 2013 #24

He wanted them to be able to afford his cars. snagglepuss Nov 2013 #17

Ford raised wages because he had to. He also didn't have to answer to shareholders hughee99 Nov 2013 #20