$5.00 Minimum wage proposed by Henry Ford 1915

On January 5, 1915 Henry Ford committed himself the following…. “To establish a minimum wage scale of $5 per day. Even the boy who sweeps up the floors will get that much.”

On this Labor Day 2003 in the USA we can ask “How far have we come?”For the complete reference to the NY TImes report of the day visit http://www.nytimes.com/learning/general/onthisday/big/0105.html#article

The entire article is very interesting as another quote illustrates…” Believing as we do, that a division of our earnings between capital and labor is unequal, we have sought a plan of relief suitable for our busines…”