Today's Labor Quote: Franklin Roosevelt

​“We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”

Roosevelt signed the Social Security Act on this date in 1935, providing, for the first time ever, guaranteed income for retirees and creating a system of unemployment benefits.

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