The American economy of the1920s was a mixed bag for organized labor and workers. Organized labor had
Question:
The American economy of the1920s was a mixed bag for organized labor and workers. Organized labor had achieved many of the goals it had fought for in the late 18th and early 20th centuries; the 8-hour day and overtime pay were standard. Companies had also begun to see the benefits—for themselves as well as the workers—of "welfare capitalism," i.e., pensions, breaks, paid vacations and, in some cases, health and childcare. On the other side of the ledger, wages for industrial workers remained relatively flat, rising only .25% over the decade. Simultaneously, jobs in the manufacturing sector declined by 5% even as productivity and profits soared. Economists of the time blamed new technologies for displacing workers and coined a new term to describe this phenomenon: technological displacement. In this assignment, tell me something about your job—or the job you hope to have when you leave Wake Tech—and whether or not you believe new technologies are likely to displace you.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr