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The price of a Model T touring car dropped to $550 in 1913, $440 in 1915, and to $290 in 1924 thus making it possible for the average family to own one.
In 1914, Ford raised the minimum wage to $5 a day for his employees who were 22 years of age and over. At this pay more the employees earned more than twice of what most earners received...
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Ford also reduced the workday from 9 hours to 8 hours a day.
Workers flocked to Ford plants seeking jobs, and because of this Ford could choose the hardest-working and smartest applicants.
During the mid-1920's, Ford continued to produce the Model T even though its popularity had declined. Other companies sold better quality cars for a higher price...
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