Re: Ford pay in 1930?
The profits from the model T made Henry Ford one of the richest men in the world. It kept Ford Motor Company afloat for 17 years of no profit..
By late 1930 the question wasn’t wages, it was if you were working.Ford closed a majority of the Assembly plants in 30/31 with the resulting impact on the Rouge.The A lost market share at the time too,Chevrolets 6 cylinder was hurting Ford sales. Another amazing fact about T profits.. it carried Ford through the development of the V8..the complexity of the mold (it had 46 cores) for the V8 block led to a 96% casting rejection rate in ‘32, a problem that would have drove other companies into insolvency.
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