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February 22nd, 2014 at 9:36 am
From Bloomberg, Feb 21, 2014, 9:12:16 AM
In 1914, Henry Ford announced he was more than doubling the average wage of Ford Motor Co. (F) factory workers to $5 a day, in part so they could afford a Model T. His act took the world by surprise, spurred auto sales and helped create an American middle class.
To read the entire article, go to http://www.bloomberg.com/news/2014-02-21/wal-mart-poised-for-henry-ford-moment-amid-minimum-wage-debate.html
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