--- title: "Meaning & Key Takeaway of: On January 5, 1914, Henry Ford more than…" description: "\"“On January 5, 1914, Henry Ford more than doubled the minimum wage for many of his employees by introducing a $5 a day minimum pay scale for employees ..." image: "https://sms4smile.com/quotes/i/bc0/joseph-michelli-72150_minimum-wage_on-january-5-1914-henry-ford-more-than-d_2763688.jpg" --- # On January 5, 1914, Henry Ford more than doubled the… ![“On January 5, 1914, Henry Ford more than doubled the minimum wage for many of his employees by introducing a $5 a day minimum pay scale for employees of the Ford Motor Company. On that same day, Ford began offering profit sharing to his employees and reduced shifts from nine hours to eight. Ford’s…” quote by Joseph Michelli](https://sms4smile.com/quotes/i/bc0/joseph-michelli-72150_minimum-wage_on-january-5-1914-henry-ford-more-than-d_2763688.jpg) [Download](https://sms4smile.com/quotes/i/bc0/joseph-michelli-72150_minimum-wage_on-january-5-1914-henry-ford-more-than-d_2763688.jpg) [Open image](https://sms4smile.com/quotes/i/bc0/joseph-michelli-72150_minimum-wage_on-january-5-1914-henry-ford-more-than-d_2763688.jpg) > ““On January 5, 1914, Henry Ford more than doubled the minimum wage for many of his employees by introducing a $5 a day minimum pay scale for employees of the Ford Motor Company. On that same day, Ford began offering profit sharing to his employees and reduced shifts from nine hours to eight. Ford’s treasurer at the time, James Couzens, explained these bold leadership moves by saying, “It is our belief that social justice begins at home. We want those who have helped us to produce this”” Joseph Michelli ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Ford raised wages and reduced hours, linking employee welfare to social justice and productivity. **In simple terms:** Higher pay and shorter work boost morale and output. Key Takeaway Treat workers fairly to improve business. Themes fairness leadership economics social justice Mood inspirational reflective Type business historical motivational When to use this quote - business strategy - human resources - employee engagement - policy making Key Concepts profit sharing labor relations human capital Questions to Reflect On - How can modern firms balance profit and employee welfare? - What limits exist for wage increases? A Different Perspective Higher wages alone don’t guarantee success without broader economic stability. ★ ★ ★ ★ ★ No ratings yet [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Social justice](https://sms4smile.com/quotes/about/social-justice/) ## Related quotes > [“Henry Ford gave that idea popular currency when he brought out the famous Model T car and announced in 1914 that he would pay…](https://sms4smile.com/quotes/hedrick-smith/henry-ford-gave-that-idea-popular-currency-when-he-brought-out-the/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [“Henry Ford is quoted as saying. "History is more or less bunk." Now, if he never spoke those words, doesn't that just prove he…](https://sms4smile.com/quotes/alex-bosworth/henry-ford-is-quoted-as-saying-history-is-more-or-less-bunk-now-if-he/) Alex Bosworth > [Americans' lack of passion for history is well known. 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You…](https://sms4smile.com/quotes/kanye-west/i-ve-been-connected-to-the-most-culturally-important-albums-of-the/) [Kanye West](https://sms4smile.com/quotes/author/kanye-west/) ## More by Joseph Michelli > [Genuineness requires listening through both verbal and nonverbal channels.](https://sms4smile.com/quotes/joseph-michelli/genuineness-requires-listening-through-both-verbal-and-nonverbal/) Joseph Michelli > [Where has this book been? The Culture Engine demystifies the what and how of driving your company's culture to produce transformational business outcomes. Chris…](https://sms4smile.com/quotes/joseph-michelli/where-has-this-book-been-the-culture-engine-demystifies-the-what-and/) Joseph Michelli > [“great institution and are helping to maintain it to share our prosperity.” On January 5, 2012, 98 years later, embittered individuals who identified with…](https://sms4smile.com/quotes/joseph-michelli/great-institution-and-are-helping-to-maintain-it-to-share-our/) Joseph Michelli Explore all 4 Joseph Michelli quotes ## More Minimum wage quotes > [I want to break up the Wall Street banks. Hillary Clinton doesn't. 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