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Today in Labor History

July 8, 1905
The founding convention of the Industrial Workers of the World (I.W.W., or Wobblies) concluded in Chicago. Charles O. Sherman, a former American Federation of Labor organizer, was elected president.  ~ Labor Tribune

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Updated: Jul. 08 (22:04)

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These 3 Policy Failures Are Killing the American Dream
Posted On: Oct 10, 2019
Oct. 10, 2019 | ECONOMY | The United States has never been richer. In 2018, American households boasted a collective net worth of over $98 trillion. If that wealth were divided evenly across the U.S. population, every human being in our country would have roughly $298,000 to their name — and every family of four would be millionaires. Few Americans feel entitled to full communism. But many do have trouble reconciling their nation’s unprecedented wealth with the increasing insecurity of middle-class life. In the 1960s, economists worried that 21st-century Americans would struggle to find purpose once economic progress turned full-time employment into an archaic chore practiced solely by the eccentric, like churning butter or collecting CDs. And yet, in 2019, middle-class Americans are working harder than ever. We were promised flying cars. Instead, we got 60-hour workweeks… Intelligencer
 
 
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