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Henry Ford's 150th birthday: His fight for higher wages.
by thenewgreen

    Henry Ford, who was born 150 years ago today, is remembered as the guy who unleashed the full potential of the assembly line, beginning in 1913 when the Ford Motor Company cranked out Model T's much faster and cheaper than anyone could imagine.

    But his business philosophy, known as Fordism, went beyond the implementation of mass production.

    Ford argued that high wages were essential for economic and moral reasons. As he wrote in his autobiography:

    What good is industry if it be so unskillfully managed as not to return a living to everyone concerned? No question is more important than that of wages — most of the people of the country live on wages. The scale of their living — the rate of their wages — determines the prosperity of the country.