Where have all the CDCs gone? For decades, Community Development Corporations tackled some of America’s most challenging problems: neighborhood revitalization, affordable housing, community economic development, workforce development and job creation, financial empowerment and food access.
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.