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jun 17, 1913 - Ford

Description:

1913 Dec 1 The Ford Motor Company introduces the first moving assembly line, reducing chassis assembly time from 12½ hours in October to 2 hours, 40 minutes.


1914 Jan 5 Henry Ford increases the minimum wage of his workers to $5 an hour, a move designed to boost worker morale and production efficiency. It is an improvement in the division of wealth and will help the nation's economy, and it will help increase Ford's profits. His fellow manufacturers denounce him. The Wall Street Journal describes Ford's move as blatant immorality and a misapplication of "Biblical principle."

Added to timeline:

12 Jul 2023
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Date:

jun 17, 1913
Now
~ 112 years ago