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This had an affect on production of good and services.
Henry Ford's $5 dollar day had a huge impact on society at the time. The greatest was the changes in lifestyle of the working class. With a great idea he managed to have responsible employees that he could count on to be at work, change the way they lived outside of work and have an impact on the whole community...
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Henry Ford the great automaker changed not only the process of making a car but also the lifestyle of his workers. Henry Ford changed the working class lifestyle from one that encouraged drinking, socializing, not saving money to one closer related to the middle class lifestyle of that period. He achieved this by the use of the $5 day and the rules one had to follow in order to qualify for it...
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