Today and Tomorrow

Henry Ford's 1926 book articulating his manufacturing philosophy — the principles behind the assembly line, cost reduction through process improvement, and the relationship between wages and consumption — which influenced Toyota's production system and later lean manufacturing.

Provides Ford's own articulation of why waste elimination and standardization create both lower costs and higher wages — the counterintuitive idea that paying workers more increases their productivity and purchasing power, creating a virtuous cycle — which Toyota used as inspiration for the Toyota Production System.