The Great Steel Strike And Its Lessons
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In our eReader you can find the full English version of the book. Read The Great Steel Strike And Its Lessons Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Great Steel Strike And Its Lessons
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W. Jett Lauck, acting on behalf of the railroad workers, submitted figures to the United States Railroad Labor Board (A. P. Dis- patches May 19, 1920) showing that during the years 1916-18 the Bethlehem Steel Corporation " earned " average annual profits of $29, 000, 000, or six times its pre-war average. In 1916 its profits amounted to 146 per cent, on its capital stock. Our [150] Johnstown friend, the Cambria Steel Company, in 1916-17 cleaned up $50, 000, 000 on $45, 000, 000 capital stock; w...hile the Lackawanna, Republic, Col- orado Fuel and Iron, Jones and Laughlin, Crucible, etc. , companies made similar killings.
As against useless, non-producing drones getting these millions, the great mass of workers actually operating the industry were receiving the beggarly wages of from 42 to 48 cents per hour. They had received no increase for a year before the strike, not- withstanding the skyrocketing cost of living. Yet the Senate Committee could discover no discontent at this condition nor see any injustice in it.
What to read after The Great Steel Strike And Its Lessons?
You can find similar books in the "Read Also" column, or choose other free books by William Z Foster to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
W. Jett Lauck, acting on behalf of the railroad workers, submitted figures to the United States Railroad Labor Board (A. P. Dis- patches May 19, 1920) showing that during the years 1916-18 the Bethlehem Steel Corporation " earned " average annual profits of $29, 000, 000, or six times its pre-war average. In 1916 its profits amounted to 146 per cent, on its capital stock. Our [150] Johnstown friend, the Cambria Steel Company, in 1916-17 cleaned up $50, 000, 000 on $45, 000, 000 capital stock; w...hile the Lackawanna, Republic, Col- orado Fuel and Iron, Jones and Laughlin, Crucible, etc. , companies made similar killings.
As against useless, non-producing drones getting these millions, the great mass of workers actually operating the industry were receiving the beggarly wages of from 42 to 48 cents per hour. They had received no increase for a year before the strike, not- withstanding the skyrocketing cost of living. Yet the Senate Committee could discover no discontent at this condition nor see any injustice in it.
What to read after The Great Steel Strike And Its Lessons?
You can find similar books in the "Read Also" column, or choose other free books by William Z Foster to read onlineMoreLess
Read book The Great Steel Strike And Its Lessons for free
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