December 31, 1929 – In a move that has sent shockwaves through the business world, Henry Ford has commissioned a six-month survey to determine the European wage costs for his workforce. The study, to be conducted by statistical experts under the guidance of J.W. Nixon, a British statistician and head of the statistical department of the International Labor Office, will examine living costs in 16 European industrial centers. This data will be used to set wages for Ford’s European plants, a move that could have far-reaching implications for the automotive giant.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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