The FAMCare Blog

Balance of Power: the Economics of Social Justice

Posted by GVT Admin on Sep 9, 2019 8:21:00 AM

Henry Ford, not the US Labor Bureau, instituted the first major increase in the minimum wage. In January 1914, Henry started paying his auto workers a remarkable $5 a day. Doubling the average wage helped ensure a stable workforce and likely boosted sales since the workers could now afford to buy the cars they were making. It laid the foundation for an economy driven by consumer demand. 

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Topics: Government, social workers, social justice, American unions

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