in 1914, henry ford raised the pay for his auto workers to $5 to work for eight hours in a day. previously…

in 1914, henry ford raised the pay for his auto workers to $5 to work for eight hours in a day. previously, most workers had been paid only $2.34 to work for nine hours. ford started this practice because he hoped to reduce worker turnover and encourage workers not to join labor unions. this approach by ford and other corporations became known as\na profit sharing.\nb labor management.\nc welfare socialism.\nd welfare capitalism.

in 1914, henry ford raised the pay for his auto workers to $5 to work for eight hours in a day. previously, most workers had been paid only $2.34 to work for nine hours. ford started this practice because he hoped to reduce worker turnover and encourage workers not to join labor unions. this approach by ford and other corporations became known as\na profit sharing.\nb labor management.\nc welfare socialism.\nd welfare capitalism.

Answer

Brief Explanations:

Welfare capitalism involves employers providing benefits like higher - pay to workers to improve their well - being and gain loyalty, which is what Ford did to reduce turnover and discourage unionization. Profit sharing is about sharing company profits with employees, labor management is a broader term for managing labor relations, and welfare socialism is a different economic and social concept.

Answer:

D. welfare capitalism