$5.00
Discuss the current pressures on the U.S. labor relations system—on the corporate side, workplace flexibility and employment involvement (stemming at least partly from globalization) and on the labor side, low union density, a representation gap, and difficulties in organizing new workers.
Ford was acting in the best interest of his company and I think his $5-a-day minimum wage scheme was inclusive of the reason he was considered significant regarding the amount of money he paid his workers.
Even so, this was during the time when the average wage in the auto industry was $2.34 for a 9-hour shift and in addition to the wage increase, he shaved an hour off the workday (Bates, 2006). However, he did it so they wouldn’t quit. The cost to hire workers and training was too expensive and his factories experienced high turnover rates and excessive absenteeism so he had to do something.