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• Efficiency wages. In 1914, Henry Ford offered to pay common labor who remained in good standing after a probation period $5/day, double their previous earnings. 1.What was the effect of this policy on productivity at Ford Motor Company? This would certainly build a positive outcome. The Ford Motor Company workers’ productivity would go up tremendously. The reason their productivity would go up is because they will be getting paid twice. This would result in workers working harder and coming to work on time. 2.Draw an efficiency wage line for workers at Ford Motor Company. 3.Draw an efficiency wage line for Ford Motor Company workers if their spouse had a job. Why the change? The efficiency would change because the people who work at the Ford Motor Company, are not the only ones bringing in income, their wives are too. Since they are not the only ones bringing in income, their efficiency would go down. 4.Draw an efficiency wage line for Ford Motor Company workers if the unemployment rate rises. Why the change? Who might benefit from higher unemployment rates? The efficiency of the workers would go down a bit.
Approximate Word count = 733
Approximate Pages = 2.9
(250 words per page double spaced)
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