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Line 37: − [[Image:Ford, Edison, Hoover, Firestone.jpg|right|frame|President [[Herbert Hoover]], Henry Ford, [[Thomas Edison]], and [[Harvey Firestone]] at Edison's 82nd birthday. Ft. Myers, Florida, February 11, 1929.]]+
→Ford's labor philosophy
=== Ford's labor philosophy ===
=== Ford's labor philosophy ===
Henry Ford was a pioneer of "[[welfare capitalism]]" designed to improve the lot of his workers and especially to reduce the heavy turnover that had many departments hiring 300 men a year to fill 100 slots. Efficiency meant hiring and keeping the best workers. On [[January 5]], [[1914]], Ford announced his five-dollar a day program. The revolutionary program called for a reduction in length of the workday from 9 to 8 hours, a 5 day work week, and a raise in minimum daily pay from $2.34 to $5 for qualifying workers.<ref>Samuel Crowther [http://www.worklessparty.org/timework/ford.htm HENRY FORD: Why I Favor Five Days' Work With Six Days' Pay] World's Work, October 1926 pp. 613-616</ref>
Henry Ford was a pioneer of "[[welfare capitalism]]" designed to improve the lot of his workers and especially to reduce the heavy turnover that had many departments hiring 300 men a year to fill 100 slots. Efficiency meant hiring and keeping the best workers. On [[January 5]], [[1914]], Ford announced his five-dollar a day program. The revolutionary program called for a reduction in length of the workday from 9 to 8 hours, a 5 day work week, and a raise in minimum daily pay from $2.34 to $5 for qualifying workers.<ref>Samuel Crowther [http://www.worklessparty.org/timework/ford.htm HENRY FORD: Why I Favor Five Days' Work With Six Days' Pay] World's Work, October 1926 pp. 613-616</ref>