Looking back in history there are plenty of events that helped shape our collective modern life, such as the inventions of the light bulb and telephone. But perhaps no single moment was more pivotal than a day exactly 100 year ago when Henry Ford announced he would double the pay for 25,000 of his employees.
Not only did Ford boost wages to $5 a day but he cut the time his employees spent toiling on the grueling assembly line from nine to eight hours.
He was hailed by workers – and inundated by 10,000 job applicants who raced to his Model T plant in the Detroit suburb of Highland Park. The industrialist also was derided by many of his manufacturing colleagues, some declaring him a socialist, others warning that the added costs could bankrupt the Ford Motor Co.