Henry Ford：My Life and Work, Additional Excerpt 183

Having these facts in hand we announced and put into operation in January, 1914, a kind of profit-sharing plan in which the minimum wage for any class of work and under certain conditions was five dollars a day. At the same time we reduced the working day to eight hours--it had been nine--and the week to forty-eight hours. This was entirely a voluntary act. All of our wage rates have been voluntary. It was to our way of thinking an act of social justice, and in the last analysis we did it for our own satisfaction of mind. There is a pleasure in feeling that you have made others happy--that you have lessened in some degree the burdens of your fellow-men--that you have provided a margin out of which may be had pleasure and saving. Good-will is one of the few really important assets of life. A determined man can win almost anything that he goes after, but unless, in his getting, he gains good will he has not profited much.

Source： https://www.gutenberg.org/ebooks/7213
Locator：Additional excerpt 183 · Verified：2026-10-19 · Verification：Short excerpt

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