# \$5 Wage by Ford Motor Company in 1914

Amount
\$
From
To
\$148.40
Adjusted for inflation, \$5.00 in 1914 is equal to \$148.40 in 2023.
Annual inflation over this period was 3.16%.

In 1914, Henry Ford raised his workers' pay to \$5 a day, more than doubling wages. He also reduced the length of the workday from nine hours to eight.

This daily wage is equivalent to \$148.40 in 2023 dollars, or \$18.55 per hour.

Note: We determine the value of a dollar using the Consumer Price Index from December of the previous year.

More Inflation Items

What is the inflation-adjusted equivalent of \$5.00 in 1914?

2023 \$148.40
2022 \$139.40
2021 \$130.24
2020 \$128.49
2019 \$125.62
2018 \$123.26
2017 \$120.72
2016 \$118.26
2015 \$117.41
2014 \$116.52
2013 \$114.80
2012 \$112.84
2011 \$109.59
2010 \$107.97
2009 \$105.11
2008 \$105.02
2007 \$100.90
2006 \$98.40
2005 \$95.15
2004 \$92.15
2003 \$90.45
2002 \$88.35
2001 \$87.00
2000 \$84.15
1999 \$81.95
1998 \$80.65
1997 \$79.30
1996 \$76.75
1995 \$74.85
1994 \$72.90
1993 \$70.95
1992 \$68.95
1991 \$66.90
1990 \$63.05
1989 \$60.25
1988 \$57.70
1987 \$55.25
1986 \$54.65
1985 \$52.65
1984 \$50.65
1983 \$48.80
1982 \$47.00
1981 \$43.15
1980 \$38.35
1979 \$33.85
1978 \$31.05
1977 \$29.10
1976 \$27.75
1975 \$25.95
1974 \$23.10
1973 \$21.25
1972 \$20.55
1971 \$19.90
1970 \$18.85
1969 \$17.75
1968 \$16.95
1967 \$16.45
1966 \$15.90
1965 \$15.60
1964 \$15.45
1963 \$15.20
1962 \$15.00
1961 \$14.90
1960 \$14.70
1959 \$14.45
1958 \$14.20
1957 \$13.80
1956 \$13.40
1955 \$13.35
1954 \$13.45
1953 \$13.35
1952 \$13.25
1951 \$12.50
1950 \$11.80
1949 \$12.05
1948 \$11.70
1947 \$10.75
1946 \$9.10
1945 \$8.90
1944 \$8.70
1943 \$8.45
1942 \$7.75
1941 \$7.05
1940 \$7.00
1939 \$7.00
1938 \$7.20
1937 \$7.00
1936 \$6.90
1935 \$6.70
1934 \$6.60
1933 \$6.55
1932 \$7.30
1931 \$8.05
1930 \$8.60
1929 \$8.55
1928 \$8.65
1927 \$8.85
1926 \$8.95
1925 \$8.65
1924 \$8.65
1923 \$8.45
1922 \$8.65
1921 \$9.70
1920 \$9.45
1919 \$8.25
1918 \$6.85
1917 \$5.80
1916 \$5.15
1915 \$5.05
1914 \$5.00