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July 15, 2025

Today in 1959

 Half-million steelworkers began what is to become a 116-day strike that shutters nearly every steel mill in the country. The strike occurred over management's demand that the union give up a contract clause which limited management's ability to change the number of workers assigned to a task or to introduce new work rules or machinery which would result in reduced hours or numbers of employees. The strike's affects persuaded President Eisenhower to invoke the back-to-work provision of the Taft-Hartley Act. The union sued to have the Act declared unconstitutional, but the Supreme Court upheld the law. The union eventually retained the contract clause and won minimal wage increases. The strike led to significant importation of foreign steel for the first time in U.S. history, which replaced the domestic steel industry in the long run. 

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These 3 Policy Failures Are Killing the American Dream
Posted On: Oct 09, 2019
Oct. 9, 2019 | ECONOMY | The United States has never been richer. In 2018, American households boasted a collective net worth of over $98 trillion. If that wealth were divided evenly across the U.S. population, every human being in our country would have roughly $298,000 to their name — and every family of four would be millionaires. Few Americans feel entitled to full communism. But many do have trouble reconciling their nation’s unprecedented wealth with the increasing insecurity of middle-class life. In the 1960s, economists worried that 21st-century Americans would struggle to find purpose once economic progress turned full-time employment into an archaic chore practiced solely by the eccentric, like churning butter or collecting CDs. And yet, in 2019, middle-class Americans are working harder than ever. We were promised flying cars. Instead, we got 60-hour workweeks… Intelligencer
 
 
Teamsters Local 355
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