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...Between 1870 and 1936 prices came down and wages went up so that the amount of goods a wage-earner could buy with his week's wages was multiplied two and a half times, though working hours were meanwhile cut by one-third...

Author: /time Magazine | Title: Business: The American Way | 7/18/1938 | See Source »

...Daniel Guggenheim Fund for the Promotion of Aeronautics, a dozen others) than a general Guggenheim picturesqueness. When Simon was accused of having bought his Senatorship, he answered blandly: "It is done all over the United States today." Discussing laborers, Sol philosophized: "I believe the wage earner is more extravagant . . . than the millionaire." As a first step in the direction of improved relations with his radical-minded miners, Dan launched a company union newspaper announcing editorially that "this is greatest era of pap, piffle and poison the world has ever seen." But solid old Meyer, who used to warn his sons...

Author: /time Magazine | Title: Books: Guggles | 8/23/1937 | See Source »

...present standard of living for the typical wage earner is far too low, he pointed out, and he backed this statement with recently compiled statiitics. To remedy this situation, full production must be maintained in all our industries in order to supply these needs...

Author: NO WRITER ATTRIBUTED | Title: Noted Figures Speak at H-Y-P Banquet; Conference Scheduled to Close Tonight | 2/27/1937 | See Source »

First U. S. wage earner to be registered for a Social Security Act pension at 65 was a 23-year-old Princeton graduate who remarked: "It's a long way off" (TIME, Dec. 14). Last week the first U. S. wage earner to apply for a pension was one Ernest Ackerman, for 33 years a motorman for Cleveland Railway Co., who became 65 on Jan. 2. His wages for Jan. 1, day the pension plan went into effect, were $4.96, of which he paid 5? as the Social Security tax. For his pension, he claimed 32% of his total...

Author: /time Magazine | Title: SOCIAL SERVICE: Lump Sum | 1/18/1937 | See Source »

...family in a 15-room house in suburban New Rochelle, N. Y. Like his father, mother and younger brother, he voted for Landon last month. Last week in Baltimore when his card appeared atop the first batch of Social Security applications, he became the first U. S. wage earner to be registered for a Government pension at 65. Said John David Sweeney Jr. when reporters and photographers found him in the bar of Manhattan's Princeton Club: "It's a Iong...

Author: /time Magazine | Title: SOCIAL SERVICE: Pensioners | 12/14/1936 | See Source »

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