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Today in Labor History

DEC. 13, 1924
Samuel Gompers died at the age of 74. Gompers served as president of the American Federation of Labor from 1886 to 1894 and from 1895 to his death. What does labor want? Gompers said, “We want more schoolhouses and less jails; more books and less arsenals; more learning and less vice; more constant work and less crime; more leisure and less greed; more justice and less revenge; in fact more of the opportunities to cultivate our better natures, to make manhood more noble, womanhood more beautiful and childhood more happy and bright.”
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The Widening Gap Between the Super-Rich and the Rest of Us
Posted On: Oct 30, 2019
Oct. 30, 2019 | ECONOMY | Despite the upbeat words from America’s billionaire president about the “economic miracle” he has produced, economic inequality in the United States is on the rise. In August 2019, the Economic Policy Institute reported that, in 2018, the average pay of CEOs at America’s 350 top firms hit $17.2 million―an increase, when adjusted for inflation, of 1,007.5 percent since 1978.  By contrast, the typical worker’s wage, adjusted for inflation, grew by only 11.9 percent over this 40-year period.  In 1965, the ratio of CEO-to-worker’s pay stood at 20-to-1; by 2018 (when CEOs received another hefty pay raise and workers received a 0.2 percent pay cut), it had reached 278-to-1… History News Network 
 
 
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