{"id":3833,"date":"2010-11-17T09:46:06","date_gmt":"2010-11-17T09:46:06","guid":{"rendered":"http:\/\/zmetro.com\/?p=3833"},"modified":"2010-11-17T09:46:06","modified_gmt":"2010-11-17T09:46:06","slug":"a_new_5_day","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=3833","title":{"rendered":"A New $5 Day?"},"content":{"rendered":"<p><a href=\"http:\/\/blogs.hbr.org\/hbr\/hbreditors\/2010\/11\/time_for_a_new_five-dollar_day.html\">John Landry<\/a><\/p>\n<blockquote><p><i>Back in 1914 Henry Ford had the crazy idea of giving his factory workers a huge raise. He doubled the standard wage from $2.50 to a whopping $5. The business press excoriated him for his &#8220;five dollar day,&#8221; but it turned out to be a brilliant move.<br \/>\nHe had two reasons. The first, which he gave publicly, was that his new assembly-line system enabled him to produce far more cars than ever before. But after all that efficiency a Model T still cost $500, beyond the reach of most employees at Ford and elsewhere. With the huge raise he hoped to spark a movement to enable American workers to buy a car.<br \/>\nThe other reason was that he was having a terrible time staffing his wonderful assembly line. Turnover was enormous as people reacted to the new kind of stress of working on a continually moving line. High pay would make them think twice about leaving, or joining a union.<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"http:\/\/blogs.hbr.org\/hbr\/hbreditors\/2010\/11\/time_for_a_new_five-dollar_day.html\">John Landry<\/a><\/p>\n<blockquote><p><i>Back in 1914 Henry Ford had the crazy idea of giving his factory workers a huge raise. He doubled the standard wage from $2.50 to a whopping $5. The business press excoriated him for his &#8220;five dollar day,&#8221; but it turned out to be a brilliant move.<br \/>\nHe had two reasons. The first, which he gave publicly, was that his new assembly-line system enabled him to produce far more cars than ever before. But after all that efficiency a Model T still cost $500, beyond the reach of most employees at Ford and elsewhere. With the huge raise he hoped to spark a movement to enable American workers to buy a car.<br \/>\nThe other reason was that he was having a terrible time staffing his wonderful assembly line. Turnover was enormous as people reacted to the new kind of stress of working on a continually moving line. High pay would make them think twice about leaving, or joining a union.<\/i><\/p><\/blockquote>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3833"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3833"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3833\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3833"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}