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March 29, 2024

Today in 1948
“Battle of Wall Street,” police charge members of the United Financial Employees’ Union, striking against the New York Stock Exchange and New York Curb Exchange (now known as the American Stock Exchange). Forty-three workers are arrested in what was to be the first and only strike in the history of either exchange. ~ Labor Tribune

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Big Corporations +Wage Theft = Massive Profits
Posted On: Jun 19, 2018
June 19, 2018 | WORKING FAMILIES | How do the biggest corporations earn such massive profits? They’d like you to think it’s the result of delivering a superior product or service. But one part of that story is years of wage theft from their employees. Good Jobs First, a policy resource center focused on government and corporate accountability, recently carried out a year-long investigation into wage theft by large employers, compiling information from collective action lawsuits brought by groups of ripped-off workers, as well as actions brought by the department of labor and state-specific regulatory agencies. The results, brought together in a report released this week titled "Grand Theft Paycheck: the Large Corporations Shortchanging their Workers’ Wages," are eye-opening: 4,220 cases since the turn of the millennium with penalties totaling $9.2 billion… portside.org
 
 
Teamsters Local 355
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