$5 day

Ford astonished the world in 1914 by offering a $5 per day wage, which more than doubled the rate of most of his workers. [[Using the consumer price index, this was equivalent to $111.10 per day in 2008 dollars.) The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing their human capital and expertise, raising productivity, and lowering training costs. Ford called it "wage motive." The company's use of vertical integration also proved successful when Ford built a gigantic factory that took in raw materials and shipped out finished automobiles.


This worked for Old Henry, back in the day, why can't corporations follow the same formula today?