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The UAW often won better wage and benefit packages than the Steelworkers and were able to obtain the closed shop. McDonald's negotiating stands often reflected the interunion jealousy. [4] [6] McDonald led the Steelworkers on strike in 1956, winning substantial wage increases, unemployment benefits, layoff rights, and improved pensions. [4]
Section 2(b) was preserved. Workers received a 7-cents an hour pay increase, 4.25 cents an hour lower than the Kaiser Steel settlement and far lower than anything McDonald had demanded. For the first time, however, the union won an automatic cost-of-living wage adjustment as well as greatly improved pension and health benefits.
The 1946 US steel strike was a several months long strike of 750,000 steel workers of the United Steelworkers union. [1] [2] It was a part of larger wave of labor disputes, known as the US strike wave of 1945–1946 after the end of World War II, and remains the largest strike in US history.
I am 62 years old and make about $63,000 a year. Currently, I'm putting $300 a month into my Roth IRA and $700 a month into my pension. I have $56,000 in a 401(k) and regular IRA, and an additional...
Unions blamed management for underinvestment in capital improvements, and management blamed unions for demanding exorbitant pay, benefits, and strict limits on non-union subcontracting. [1] A previous collective bargaining agreement expired at the end of July 1986. The union and management were unable to agree on terms, and over 99% of the USWA ...
Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...
The SECURE 2.0 Act of 2022, Pub. L. 117–328 (text), was signed into law by President Joe Biden on December 29, 2022 as Division T of the Consolidated Appropriations Act, 2023.
One thing people quickly notice about Social Security is that change is virtually inevitable. The most notable change to Social Security benefits in 2025 should be good news. All current ...
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