Category Labor

Niles-Bement-Pond Steam Hammer, Texas & Pacific Railway Company

Americans Lost the 40-Hour Workweek and Big Business Made Millions

Over on the Lawyers, Guns, and Money blog, Erik Loomis points readers to this Politico Magazine op-ed by venture capitalist Nick Hanauer (who is probably most famous for his squelched TED Talk on income inequality). Hanauer points to the collapse of paid overtime as an ill plaguing workers’ wages, bedeviling employment, and driving down demand. […]