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Hearing of the $5 day, a publisher said "he's crazy, isn't he?" Why did fords action get such a reaction?

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lindaa66
The higher wages would cause other employers to leave the city, they said. Carmakers who remained and tried to match Ford’s wages would go bankrupt. Ford employees would be “demoralized by this sudden affluence,” and, of course, Ford Motor Company would soon be bankrupt. Ford raised wages while others were trying to reduce wages. Ford believed he was buying higher quality work from all his employees. -Hope this helps-
ogorwyne

The reason why Ford's action got such a reaction was because they thought that this decision was going to get him bankrupt and it would also fail.

Ford had made an announcement that his 13600 workers were to be receiving a minimum wage that was of 5 dollars everyday.

This was what led to a negative reaction from other business people. The person that gave this reaction felt that paying all of his workers such an amount may lead to bankruptcy.

He also believed that Ford was going to create problems for other employers of labor in similar field

Read more on Ford:

https://brainly.com/question/15066501?referrer=searchResults

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