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Domestic News
November 13, 1931
The Alaskan
Petersburg, Alaska
What is this article about?
Ford Motor Company announced return to $6 daily minimum wage from $7 'emergency rate' post-1929 crash, using method of discharging and rehiring workers at lower rate.
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Full Text
THE DEPRESSION IS OVER
Shortly after the stock market collapse of 1929, when Henry Ford attended President Hoover's conference of business leaders at the White House, the Ford Motor Company announced a minimum wage of $7 per day, advancing from a $6 minimum in effect theretofore.
The increase was referred to as a "depression dollar" and the $7 rate was called an "emergency rate."
Last week the company announced its return to the $6 minimum.
According to laborers, the change has been in progress for some time by a rather ingenious method.
Laborers drawing $7 would be discharged and then re-hired in each other's places, each man coming back to a "new job" at the $6 rate.
Shortly after the stock market collapse of 1929, when Henry Ford attended President Hoover's conference of business leaders at the White House, the Ford Motor Company announced a minimum wage of $7 per day, advancing from a $6 minimum in effect theretofore.
The increase was referred to as a "depression dollar" and the $7 rate was called an "emergency rate."
Last week the company announced its return to the $6 minimum.
According to laborers, the change has been in progress for some time by a rather ingenious method.
Laborers drawing $7 would be discharged and then re-hired in each other's places, each man coming back to a "new job" at the $6 rate.
What sub-type of article is it?
Economic
What keywords are associated?
Ford Motor Company
Wage Reduction
Minimum Wage
1929 Crash
Depression Dollar
What entities or persons were involved?
Henry Ford
President Hoover
Domestic News Details
Event Date
Last Week
Key Persons
Henry Ford
President Hoover
Outcome
return to $6 minimum wage from $7; workers discharged and rehired at lower rate
Event Details
Ford Motor Company announced return to $6 daily minimum wage, previously raised to $7 after 1929 stock market collapse during Hoover's conference; change implemented by discharging and rehiring workers at $6 rate