Buy custom A Biography Of Henry Ford
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| Topic: |
Biographies
|
| Number of pages / Number of words: |
5 / 1133 |
Essay's paper body
Ford met this
difficulty by doubling the daily wage then standard in the industry, raising it
from about $2.50 to $5. The net result was increased stability in his labor
force and a substantial reduction in operating costs. These factors, coupled
with the enormous increase in output made possible by new technological methods,
led to an increase in company profits from $30 million in 1914 to $60 million in
1916...
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The net result was increased stability in his labor
force and a substantial reduction in operating costs. These factors, coupled
with the enormous increase in output made possible by new technological methods,
led to an increase in company profits from $30 million in 1914 to $60 million in
1916.
Ford believed that most of the profits should be used to increase the
size of the company's factories...
Essay fragment
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