🛠️ Invention or technique

Fordism

Fordismo (salario de 5 dólares y producción en masa)

Date
1914 · confidence high
Place
Dearborn, Michigan, United States
Credited to
Henry Ford
People
👤 Henry Ford1863–1947
Field
Tools

What it is

Socioeconomic model combining standardised chain production, high wages ($5/day) and an 8-hour day so that workers would also be consumers. It founded the mass-consumption economy.

The concept was coined as such by Antonio Gramsci in the Prison Notebooks (1934).

What it led to

  • Consumer working middle class
  • Consumer society and mass advertising
  • Dominant economic model of the 20th century until Toyotism
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