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Business, 29.02.2020 01:26 justinjay0000

In 1914, Henry Ford increased the wage he paid workers in his car factory in Dearborn, Michigan to $5 per day. This wage was more than twice as much as other car manufacturers were paying. Ford was quoted as saying: "The payment of five dollars a day for an eight-hour day was one of the finest cost-cutting moves we ever made." Giving workers a raise can result in overall lower costs for a firm if:.a. the firm receives goodwill from the community resulting in more workers. b. the firm cuts benefits less than the amount of the raise. c. workers use their extra money to buy the products from the firm. d. workers are motivated by higher wages to work harder.

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