Five Dollar Day

"Five Dollar Day" was a work program introduced by Henry Ford in 1914, where factory workers were paid $5 for an 8-hour workday. At the time, this was significantly higher than the typical wages, aiming to improve worker satisfaction, reduce turnover, and boost productivity. The initiative also enabled employees to afford the products they helped produce, such as Ford cars. This approach revolutionized labor practices by emphasizing fair wages and contributing to the growth of a prosperous middle class, ultimately setting a new standard for worker compensation in American industry.