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    It Is Well Known That Henry Ford's Payment of His
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It Is Well Known That Henry Ford's Payment of His

Question 61

Question 61

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It is well known that Henry Ford's payment of his workers of five dollars a day was higher than his competitor for a short while. Why did Ford do this and what were the advantages to him of doing so? What wage theory does this appear to be in accord with?

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Concerns over high turnover and poor wor...

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