When Henry Ford paid his workers $5 per day when the prevailing wage was between $2 and $3 a day:

Question

Quizplus · Accepted Answer

Henry Ford's decision to pay his workers $5 per day resulted in a significant increase in efficiency, as workers were motivated to work harder and produce more in order to keep their well-paying jobs. This approach contradicts the efficiency-wage theory, which suggests that paying workers more than the prevailing wage will lead to decreased productivity due to complacency.

When Henry Ford Paid His Workers $5 Per Day When