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What is Taylorism in economics?

Updated: 8/22/2023
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Taylorism is a method of scientific management devised in the early 20th Century by Frederick Taylor. Taylor sought the conditions that ensured the highest levels of productivity and efficiency in the factories. The factors involved included worker happiness for optimal work, division of labor, energy expenditure, time wasted, and the concept of piecework.

This system was adopted by Ford (alternatively called Fordism), among other companies, in order to increase output. After applying Taylorism on the production floor of the Model T, the car became the most popular in the US in the 1920s while workers wages increased.

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