On this date in 1943, President Roosevelt seized the railroads to avert a nationwide strike. His decision to temporarily place the railroads under the “supervision” of the War Department prompted the five railroad brotherhoods to agree to his offer to arbitrate the wage dispute.
Today’s labor quote is by Elizabeth Warren, who said:
“There is nobody in this country who got rich on their own. Nobody. You built a factory out there - good for you. But I want to be clear. You moved your goods to market on roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea - God bless! Keep a hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
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