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Henry Ford It's Not What You Think Analysis

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Ford is well known for his unique system of production he used in his automobile factories, compared to others. While the majority of automobile factories at the time would pay employees as little as possible, and sell their cars for high prices, Ford did just the opposite. Ford instead paid his workers the highest wage he could, and produced cars that were affordable for a large majority, rather than just the upper class. Specifically, Ford paid his employees $5.00 a day, which was almost double what other automobile factory workers would typically make at the time. Ford claimed the reason he paid a $5 per day wage was in attempts to create a blue collar middle class who, with this high wage, could hopefully afford their own Ford Product. …show more content…

However, what Worstall points out in his article "The Story of Henry Ford 's $5 a Day Wages: It 's Not What You Think", is that Ford actually did this in order to reduce turnover rate of his labor force and training time for employees in the

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He raised the minimum wage to five dollars per day, a massive leap from the common one to two dollars per day at the time. This attracted loyal and hardworking employees. Ford’s factories’ assembly lines employed many low-skilled workers, which stimulated the growth of the working/middle class. Before Ford’s endeavor, workers worked nine or more hours everyday. Under Ford’s leadership and intention, the common work hours became eight hours per day.

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It had brought forth the idea that one could produce more while working less. This mindset had seldom been used before the emergence of the assembly line, and the American public “burbled with excitement”. The benefits of being employed through the assembly line were quickly seen, and it greatly improved the quality of life for people. Ford, realizing that he needed to “link… production and consumption” implemented his policy of his workers earning now five dollars a day, one of the highest wages given for the type of factory work workers were performing. Not only this, but work days were shortened from ten to twelve hour days, to about eight hours as a strategy to persuade perspective workers to come and work for Ford.

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First of all, Ford was dropped off on earth and ended up staying there for 15 years. He gave himself the name, Ford Prefect and named himself after a car. Obviously trying to make it less noticable that he wasn 't from earth. Douglas Adam describes Ford as someone who if they were given the choice to save the entire universe or go to a party, Ford would choose to go to the party. Ford is suppose to be a guide or mentor but is not very effective.

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Henry Ford greatly contributed to the American people. He should be classified and remembered as a Captain of Industry because of his industrial contributions such as the revolutionization of how people used transportation and by helping increase the economy through his 1908 Model T automobile. Henry Ford set great examples for other businessmen with his creation of the assembly line,making the production of industrialized goods faster and easier. Henry Ford used tactics to build his empire such as making the Model T affordable for everyone,good wages for his labor, and buying out other shareholders. With his great generosity and acts of philanthropy,he paid his employers more than average and also supported the people(affordable prices).

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Henry Ford was an entrepreneur who founded the Ford Motor Company in June of 1903 and grew it into a very successful business. He achieved this through free enterprise, an economic system which places few restrictions on business activities and ownership. This system allowed Ford to begin his company without restrictions from the government either preventing him from establishing it or from limiting his success. It not only helped Ford to achieve his goals in business, but it has also helped many other entrepreneurs as well. The free enterprise system has been a necessary component in allowing people, such as Henry Ford, to start, grow, and own their own businesses.

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He added and extended Taylorism by increasing division of labour by simplifying the production process further by installing one-purpose machinery to make standard parts. By doing this, Ford sped up the production of cars and made it affordable to middle-class people too. Moreover, he showed that productivity could increase through more capital, higher wages, (by doubling wages to $5.00 which declined labour turnover by 40%), and improving the organisation of production. However, Fordism has been criticized for destroying craftsmanship and deskilling jobs, as well as causing workers’ stress due to the repetitive nature of the jobs. Taylorism and Fordism similarly shared an economic point of view of employees, who were assumed to only be motivated by financial rewards.

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