The Experiment

Cram Your SPAM

Feb 10, 2022
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ANECDOTE

Hormel's Golden Age

  • Race Hardy's family worked at Hormel for generations, enjoying good wages and benefits.
  • His father's 1974 weekly paycheck was $886, a six-figure equivalent today.
INSIGHT

Union Power and the Middle Class

  • Post-war America saw strong union power and a growing middle class.
  • Workers in the 1960s earned 21 times less than CEOs, compared to 351 times less today.
INSIGHT

Shifting Economic Landscape

  • The 1980s brought economic hardship, with job cuts and wage reductions.
  • Reagan's firing of air traffic controllers signaled a shift against worker power.
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