1922: An important textile mill in Manchester, NH, announces that is cutting wages twenty percent and increasing weekly hours from forty-eight to fifty-two. The Railroad Labor Board announces a thirteen percent wage cut.
Today: While working conditions in many areas have vastly improved, mergers and downsizing have significantly increased the pool of temporary workers. Many corporations rely on the expertise of former employees who are now employed as independent contractors, working long hours with no benefits and with no assurances as to permanency. This situation reduces the overhead of the corporation, which no longer has to pay benefits for these workers.
1922: Henry Ford makes more than $264,000 per day. The Associated Press estimates his wealth to be in the billions.
Today: Bill Gates, the founder and chair of Microsoft, a dominant computer software company, is.....
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