I feel the same is happening in software. Compared to the 90s it feels much more like assembly line work where a worker does something very specialized and repeats it over and over.
Ford had the idea of a new way to manufacture things, and paid what he needed to in order to get workers who could learn this system and deliver value to him and the shareholders. It also helped that his heyday was in the 1920s, when the US economy was strong, which also colors people's memory. He likely also considered that it's sometimes better to overpay a little to assure you have the workers you need, rather than risk delaying a shipment.
It's the same with tech companies like Google, they're paying what they need to pay to attract the talent they want.
https://1000wordphilosophy.com/2015/05/13/karl-marxs-concept...