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Originally Posted by $5 submissions
Fact 2: Henry Ford (a tech visionary in his time) shocked Corporate America when he doubled his minimum wage to $5 a day
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Just for kicks, I looked up what $5 a day is worth now. $117.40, according to this inflation calculator:
Calculate the value of $1 in 1914 - Inflation on 1 dollars - DollarTimes.com
There's a lot of water in a simple inflation calculator, though. It doesn't take into account the "necessities" we take for granted now that didn't exist then, or income tax, etc. Today, depending on where you live (in the U.S.), $117.40 a day ranges from, at best, a modest living, down to having several roommates.