Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.
The 1912 Bread and Roses Strike in Lawrence, Mass., was one of the most significant struggles in U.S. labor history due to its level of organization and collaboration across ethnic and gender lines. Despite its incredible organization, the pivotal 1912 Bread and Roses Strike is not mentioned at all in 10 out of 12 major U.S. history textbooks.