The 8 hour day and 5 day work week

This entry at Hispanic Pundit is 3 years old, but it's a good read any time, on how the desire for profitability works in our favor.

So, who gave us the 5 day, 8 hours per day, work week? Was it really the unions, was it really higher regulations? No, the historical answer is that it was Heny Ford who gave us the 5 day, 8 hours per day, work week. Ford was tired of continuously losing good employees, he was trying to increase employee retention and at the same time increase profits, so he basically doubled wages and implemented a 5-day work week, and in the process effectively invented the modern weekend. It is Henry Ford who is widely credited with contributing to the creation of a middle class in the United States.

In addition, if you look at why Henry Ford did this, you will see that his reasons had nothing to do with charity, and everything to do with increasing profits and dealing with the forces of competition.

It was also a profit motive that gave us health care through our employers (sort of a form of indentured servitude if you ever want to change jobs). After WWII, offering health insurance was a way to attract better workers in a tight job market. Of course, only the biggest firms could do it, so in the long run it was not good for competition or the worker.