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September 01, 2014
Today in Labor History
Aug. 29, 1907:  Seventy-five workers die when the lower St. Lawrence River’s Quebec Bridge collapses while under construction. A flawed design was found to be the cause. Thirteen more workers were killed nine years later when the reconstructed bridge’s central span was being raised and fell into the river because of a problem with hoisting devices.
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Companies Profit Without Hiring More Workers
Updated On: Mar 06, 2013
Mar. 5, 2013 | ECONOMY | Even as corporations are making record profits, millions of Americans remain out of work and the economy is growing slowly. Experts say that economic policies have made it easier for corporations to profit, but that those gains have not translated to more jobs. The sequestration cuts could lead to about 700,000 in job losses, even though it is not expected to impact the stock market. Companies also say that the increase in productivity has made it possible for them not to hire new workers, and in some cases have even laid off more employees. Read more here.
 
 
Teamsters Local 355
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