https://padlet.com/mlmartinez19/24sfq5e8u8m1 en-us 2017-04-11 15:59:03 UTC 2025-12-01 21:59:05 UTC hello@padlet.com mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165919364 http://articles.chicagotribune.com/2014-01-05/business/ct-biz-0105-phil-ford-20140105_1_fordism-wages-henry-ford/2]]> 2017-04-11 16:01:46 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165919364 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165949844 Ford created a new working method for his workers that revolutionized his productivity and allowed him to have some of the best workers by raising there pay. ]]> 2017-04-11 18:04:45 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165949844 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165950168 By increasing his workers pay the employee turnover went from a high 31.9 percent in 1913 compared to the 1.4 percent it dropped down to in 1915.]]> 2017-04-11 18:06:13 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165950168 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951415 "The nation was struggling to dig out of a recession a century ago when Ford declared he was setting aside some of his company's profits to increase wages from $2.34 a day to $5. He also cut the workday from nine hours to eight and hired a third shift to churn out Model T's around the clock."]]> 2017-04-11 18:11:45 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951415 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951571 "President Barack Obama has cited Ford's generous pay on various occasions to bolster a variety of stances, including the value of improving the economy from the bottom up. "]]> 2017-04-11 18:12:31 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951571 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951660 Henry Ford wanted to pay his workers an amount that was decent enough for them to be able to afford what they were making, which was his cars. ]]> 2017-04-11 18:13:00 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165951660 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165952646 "Paying 20,000 to 30,000 workers enough to buy cars wasn't going to make or break his business. Boosting production to 8,000 Model T's a day and cutting the cost of a car from around $850 to $300 would. That's what the wage hike helped him do."]]> 2017-04-11 18:17:10 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165952646 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165953097 Ford not only raised his workers wages he increased productivity and the workers he had because no one could compete with the rates he was giving. ]]> 2017-04-11 18:18:55 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165953097 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165953837 The model T became a car that the middle class could afford because of the productivity boost that was created. ]]> 2017-04-11 18:21:35 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165953837 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165968680 Because Henry Ford increased his workers wages the productivity of his products increased, because he did this he was able to improve productivity yet reduce costs despite raising wages ]]> 2017-04-11 19:24:18 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165968680 mlmartinez19 https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165969547 "More than doubling pay enabled Ford to recruit and retain the best workers, ensuring greater speed and quality because it was well beyond what anyone else would pay. Had others matched his pay scale, that advantage would have vanished."]]> 2017-04-11 19:28:01 UTC https://padlet.com/mlmartinez19/24sfq5e8u8m1/wish/165969547