Henry Ford：The Five-Dollar Day
Henry Ford《My Life and Work》· Chapter X, “How Cheaply Can Things Be Made?” · Leadership · Growth · Action
The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made, and the six-dollar day wage is cheaper than the five.
Source：
https://www.gutenberg.org/cache/epub/7213/pg7213.txt
Locator：Chapter X, “How Cheaply Can Things Be Made?,” paragraph beginning “The payment of high wages fortunately...” · Verified：2026-10-19 · Verification：Exact match
Reading
Higher wages can be a cost-cutting and productivity innovation.
Context
Ford's five-dollar day was announced in 1914 as a profit-sharing plan that roughly doubled many workers' daily income. He called it one of the finest cost-cutting moves the company ever made, because better-paid workers were more efficient and less likely to leave. Ford treated wages as an investment in productivity and in a mass market, not merely as an expense.
Today's question
Does your organization see wages as a cost to cut—or as an investment in efficiency?
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