The Great Steel Strike and its LessonsFoster, William Z.
History
The Great Steel Strike and its Lessons
Foster, William Z.
Steel Strike, U.S., 1919-1920; United States Steel Corporation
The loss to the steel companies must have been enormous. Without doubt
it runs into several hundred millions of dollars. The items going to
make up this huge bill are many and at this time impossible of accurate
estimate. There must have been not only a complete cessation of profits
during the strike period, but also a vast outlay of money to finance the
strike-breaking measures, such as maintaining scores of thousands of
gunmen to guard the plants; paying rich graft to employment offices and
detective agencies for recruiting armies of scabs, who, receiving high
strike wages, idled for weeks around the plants, shooting craps, playing
cards, pitching quoits, and absolutely refusing to work; keeping on the
payroll great staffs of office workers with nothing to do, and high paid
skilled workers doing the work of common laborers; corrupting police and
court officials to give the strikers the worst of it, etc., etc.
Besides, there should be added the cost of repairing the great injuries
done the furnaces by their sudden shutting down, this item alone
amounting to many millions of dollars. But a more important factor than
all, perhaps, in counting the cost of the strike to the companies was
the serious injury done to their wonderful producing organization by the
permanent loss of thousands of competent men who have quitted the
industry; the dislocation of many thousands more from jobs for which
they were well fitted and the substitution in their places of green men;
the lowering of the men's morale generally, due to disappointment and
bitterness at the loss of the strike, etc. We may depend upon it that
the companies, following out their policy of minimizing the strike's
effects, will so juggle their financial and tonnage statements as to
make it impossible for years to figure out what it really cost them, if
it can ever be done.
The cost to the people at large is indicated by the New York Sun, quoted
by the _Literary Digest_, January 31, 1920, as follows:
There was the loss to the railroads not only in freights
from the steel plants, but in freights from general mills
and factories which, failing to get their steel supplies,
could not maintain their production and fulfill their own
deliveries. There was the loss in wages in such mills and
factories due to that failure to get their material on which
their wage-earners could work. There was the loss in such
communities to trade folk whose customers thus had their
spending power reduced by the steel strike.--Hence this loss
of steel tonnage begins at once to widen until the loss
eventually could be figured in the billions.
For the privilege of having an autocracy in the steel industry the
American people pay not only huge costs in unearned dividends each year,
but also, occasionally, such monster special charges as the above.
Garyism is an expensive luxury.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account