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#classconflict

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Paria sans portefeuille

"One of the first-ever uses of aerial-dropped bombs was against the miners' army in West Virginia. The Italians had done it a few years earlier in Ethiopia."

#LettersAndPolitics welcomes #RobertOvetz, author of #WhenWorkersShotBack: #ClassConflict from 1877 to 1921

kpfa.org/episode/letters-and-p

#labor #labour #laborHistory #labourHistory #USlaborHistory #UShistory #AmericanHistory #GreatRailroadStrikeOf1877 #WestVirginiaCoalWars #PullmanStrike #books @bookstodon @histodons

KPFAWhen Workers Shot Back | KPFAGuest: Robert Ovetz is a lecturer in Political Science and Public Administration at San José State University. He writes about the politics of the labor movement, work, and the crisis of capitalism at the turn of the 20th century. He is the author of the book When Workers Shot Back: Class Conflict from 1877 to … Continued
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Sean

In 1938, minimum wage was 25¢/hr $520 per year.
The GDP in 1938 was $800b (in 1990 $s)
Inflation adjusted $520 would be $4,820 making the percentage of the GDP 0.0000006025% of the minimum wage. If that same percentage of the minimum wage was instituted for a $25.462trillion GDP the minimum wage would be $153,408.55 per year or $73/hr which wouldn't have been such a shock if the last 50 years the lion's share of the GDP hadn't been concentrated into the hands of the very few
#econ #classconflict

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