Portal:Organized Labour

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Introduction

Image created by Walter Crane to celebrate International Workers' Day (May Day, 1 May), 1889. The image depicts workers from the five populated continents (Africa, Asia, Americas, Australia and Europe) in unity underneath an angel representing freedom, fraternity and equality.
The labour movement is the collective organisation of working people to further their shared political and economic interests. It consists of the trade union or labour union movement, as well as political parties of labour. It can be considered an instance of class conflict.

The labour movement developed as a response to capitalism and the Industrial Revolution of the late 18th and early 19th centuries, at about the same time as socialism. The early goals of the movement were the right to unionise, the right to vote, democracy and the 40-hour week. As these were achieved in many of the advanced economies of western Europe and north America in the early decades of the 20th century, the labour movement expanded to issues of welfare and social insurance, wealth distribution and income distribution, public services like health care and education, social housing and common ownership. (Full article...)

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A branch of the Coastal Federal Credit Union in Raleigh, North Carolina

A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking. Normally, only a member of a credit union may deposit or borrow money. In several African countries, credit unions are commonly referred to as SACCOs (savings and credit co-operatives).

Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 375 million, with over 100 million members having been added since 2016.

Leading up to the financial crisis of 2007–2008, in 2006, 23.6% of mortgages from commercial banks were subprime, compared to only 3.6% of those from credit unions, and banks were two and a half times more likely to fail during the crisis. American credit unions more than doubled lending to small businesses between 2008 and 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion. In the US, public trust in credit unions stands at 60%, compared to 30% for big banks. Furthermore, small businesses are 80% more likely to be satisfied by a credit union than with a big bank. (Full article...)
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July in Labor History

Significant dates in labour history.


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More Did you know (auto-generated)

  • ... that a 1994 lightning strike in Egypt led to 469 deaths after oil tanks were ignited and flooded the village of Dronka with burning fuel?
  • ... that on March 2, 2022, 86 percent of workers in New York City's REI store voted in favor of the outdoor recreation retailer's first ever trade union, REI Union SoHo?
  • ... that Surinamese trade unionist Louis Doedel was involuntarily committed to a psychiatric hospital by the governor-general for 43 years?
  • ... that the 1913 Studebaker strike is regarded as the first major labor strike in the automotive industry?
  • ... that in 1977, Appalachian folk singer Phyllis Boyens performed at a Christmas benefit concert to support Kentucky coal miners who had been on strike for 17 months?
  • ... that following the ban of its labour unions in 1934, the Romanian United Socialist Party would rely on its youth and women's wings for political action?

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Long ago we stated the reason for labor organizations. We said that they were organized out of the necessities of the situation: that a single employee was helpless in dealing with an employer; … that union was essential to give the laborers opportunity to deal on equality with their employer."
— Charles Evans Hughes

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