When Henry Ford offered a $5-a-day minimum wage for all his workers,he
A)broke a race barrier of the day.
B)created a virtuous circle.
C)created a larger market for his cars.
D)Henry Ford did all of these things with the $5-a-day minimum wage.

Question

Quizplus · Accepted Answer

Henry Ford did all of these things with the $5-a-day minimum wage. By offering a wage that was significantly higher than the average at the time, he was able to attract a more diverse workforce, breaking a race barrier. This diverse workforce also helped to create a virtuous circle, where workers were able to afford the products they were producing, and therefore created a larger market for Ford's cars.

When Henry Ford Offered a $5-A-Day Minimum Wage for All