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What Do You Know About Labor Day?




Labor Day is celebrated on the first Monday every September. For some Americans, it signals an end to summer; for others it represents much more. See what you know about Labor Day by taking this brief quiz:
1. In the late 1800s, the typical work week in an American mill was about 73 hours long. Men, women, and children worked slightly more than 12 hours per day, seven days per week. How much did they earn?
a. $30 to $34 per week
b. $0.07 per hour
c. $3 to $3.50 per week
d. $0.52 per hour
2. The Fair Labor Standards Act established the minimum wage in 1938. It was set at:
a. $0.25 per hour
b. $0.76 per hour
c. $0.08 per hour
d. $1.17 per hour
3. In 1900, which group declared that trade unions were good for democracy?
a. AFL-CIO
b. U.S. Industrial Commission
c. National Labor Union
d. U.S. Department of Labor
4. In the United States today, a 40-hour week is considered full-time work. How many Americans worked more than 40 hours a week in 2009?
a. 44% of American men
b. 29% of American women
c. 37% of Americans
d. All of the above
If you would like to make sure your savings and investments are working as hard as you are, give us a call. We would be happy to schedule a time to sit down and review your situation.

Happy Labor Day!


Best Regards,

The Womack Investment Advisers Team
Answers:
1. C – $3 to $3.50 per week
2. A – $0.25 per hour
3. B – U.S. Industrial Commission
4. D – All of the above

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