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Today in Labor History

Nov. 24, 1875
Led by Samuel Gompers, who would later found the American Federation of Labor, Cigarmakers International Union Local 144 is chartered in New York City.
D.C. Labor

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Updated: Nov. 27 (00:05)

President Biden Signs Infrastructure Investment and Jobs Act
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This 1916 Experiment Made Workers Wealthy
Posted On: Oct 21, 2021
Oct. 22, 2021 | COMMENTARY | Profit-sharing is an old idea that emerged in 1916. Major companies like Sears, Procter & Gamble, Pillsbury, Kodak, and U.S. Steel all joined the profit-sharing movement, giving their workers shares of stock so the workers actually owned part of the company. Profit-sharing gave workers an incentive to be more productive since the success of the company meant higher profits would be shared. It also reduced the need for layoffs during recessions because… Watch on YouTube
 
 
Teamsters Local 992
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