DETROIT, Mich. -- The Ford Motor Company today announced an increase in the minimum pay of its employees from $6 to $7 per day effective as of December 1.
This wage was effective for all making less than $7 a day. Those making between $7 and $10 a day will receive five cents an hour increase.
The announcement had been expected for several days after Henry Ford, the billionaire motor car manufacturer, announced in Washington he would increase wages of his employees in keeping with President Hoover's "boost business" campaign.
Henry Ford was among the national business leaders called to Washington by the president in his survey of business conditions of the country. After the conference Ford said that he was convinced that wages must be kept up to their standard in this country.
Then he added that in keeping with this policy he would increase the wages of his employees.
The increase, as announced today, will total $20,000,000 yearly or an increase of about $1,628,450 a month.
Ford employees to receive the increase from the general wage of $6 a day to $7, total 24,320.
Approximately 115,640 employees now receiving $7 to $10 will receive the 5 cents an hour increase.
The increase takes effect only in the Ford plants in the United States. Ford officials, however, expect Ford of Canada to announce a similar increase.