THROWBACK THURSDAY: First Union Strike Benefit Authorized

typographical unionOn May 31, 1786, the first strike benefit in U.S. history was authorized.

Protesting against a recent wage reduction, 26 members of the Typographical Society pledged that “we will support such of our brethren as shall be thrown out of employment on account of their refusing to work for less than $6 per week.”

They won their demands.

{excerpted from This Day In Business History by Raymond L. Francis}