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Ford CEO Jim Farley learned from older employees He said some young car manufacturer staff had taken shifts at Amazon to fix the end, he told Aspen Ideas festival. Farley said he drew attention to Henry Ford’s founder’s decision to increase factory salaries to $ 5 a day in 1914 to make temporary staff a permanent employees. Young people have previously avoided production jobs due to low wages.
Some economists credited car manufacturer Henry Ford for starting the American middle class in the twentieth century, when in 1914. January It increased the factory salary to $ 5, more than twice as much as the average salary for an eight -hour day.
More than 100 years later, Jim Farley, CEO of Ford, said he had taken the page from the founder’s players’ book without “barely going into”.
The car manufacturer’s CEO has recognized the need to change his workplace when he talked to veterans through the Union Treaty, and learned that young Ford employees have been working in many jobs and have a low salary, a Farley interview with journalist and biographer Walter Walter Isaacson said Friday.
“Older employees who were in the company said,” None of the young people want to work here. Jim, you pay $ 17 an hour and they are so stressful, “Farley said.
Farley learned that some employees also had a work on Amazon, where they worked for eight hours, following a seven -hour Ford shift, sleeping only for three or four hours. As a result, the company has forced temporary workers to work full -time employees, so they can receive higher salary, profit sharing checks and better health care coverage. The transition was arranged in 2019. In negotiations on the contract with United Auto employees (UAW), when temporary workers were able to work full -time full -time after two years of permanent Ford.
“It wasn’t easy to do,” Farley said. “It was expensive. But I think these are the changes we need to make in our country.”
The Ford’s own decision to double the factory in 1914. It was not an altruistic, but a strategy to attract stable labor, as well as to give their employees a stimulus to afford Ford products.
“He said, ‘I do it because I want my factory worker to buy my cars. If they make enough money, they buy my product,” Farley said. “In a sense, it is a self -implementing prophecy.”
Farley, a proponent of growing US production productivity to maintain an essential economy, advocated a great deal of trade experience for young employees.