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When an industry was monopolized by one company or trust during the Gilded Age what happened to workers wages?
During the Gilded Age, when an industry was monopolized by one company or trust, workers' wages often stagnated or decreased due to the lack of competition. Employers had less incentive to offer higher wages since workers had fewer job alternatives. Additionally, monopolistic practices sometimes led to harsh working conditions, further diminishing workers' bargaining power and overall compensation. As a result, income inequality widened, and many laborers struggled to make ends meet.
What else can I help you with?
Did the Dutch establish the Dutch East India Company?
The Dutch East India Company was a group of people who got together to send workers to what is now America. The purpose of sending these workers was to work in the timber industry. They also sent other people to cook and look after these timber workers.
What were the two basic types of workers in the American Industry in the late 1800s?
metal workers and railroad workers
Which industry employed more workers than any other manufacturing industry?
The textile industry
What is a union of all the workers in one industry?
A "Trade Union" is a term used to describe a union that covers all the workers in one industry.
In what ways did strikes threaten industry?
Strikes threaten industry by shutting production down for a period of time. If the workers refuse to work until their demands are met, than the company loses product, which causes loss in revenue.
When an industry was monopolized by one company or trust during the Gilded Age what happened to workers and rsquo wages?
i dont know
Was Charles Tiffany a robber baron?
Yes! He monopolized the Gilded Age oil industry with the Standard Oil Company.
What happened between workers and big business as industry expanded?
ddd
What happened to Steve Wozniak in 1981?
They had 2500 workers on it or in the apple II company
What industry is the Amoco company associated with?
The Amoco company is usually associated with the oil industry. Amoco is a large oil company, with workers all over the world. They are one of the leading oil companies in the world.
Importance of communication in industry?
Communication is important in industry because it gives workers an idea of the goal of their company. It also helps resolve conflicts and misunderstandings.
What is the size of the typical company in the electromedical and electro-therapeutic apparatus industry?
the electromedical industry exceeded the national standard, employing nearly 100 workers per establishment.
Are steel wire industry workers unionized?
Most steel wire industry workers are in the United Steel Workers of America
Are steel wire industry workers in the United Steel Workers of America?
Most steel wire industry workers are in the United Steel Workers of America
Did the Dutch establish the Dutch East India Company?
The Dutch East India Company was a group of people who got together to send workers to what is now America. The purpose of sending these workers was to work in the timber industry. They also sent other people to cook and look after these timber workers.
What are 3 benefits of operating cottage industries?
A cottage industry is an industry which includes many producers working from their homes. These industries are usually involve manufacturing and the workers are often part-time. For this reason a cottage industry saves a company money on things such as rent and electricity, because workers work in their own homes.
When was Norwegian Union of Paper Industry Workers created?
Norwegian Union of Paper Industry Workers was created in 1913.
