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DEAR AMERICAN COMPANIES: Here's How To Fix The Economy - Business Insider


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In 1914, a business executive named Henry Ford did a startling thing:

He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day--the equivalent of $120 a day in today's money.

The country was as shocked by this then as it would be today.

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