But around 1931 mass unemployment did start and those workers who could keep their jobs often had to accept very large wage cuts.

According to the textbooks, the minimum wage cuts both ways.

He was picking up nearly two weeks' pay, and the wage cuts had hurt.

The offer submitted by the union on Thursday included a call for an immediate wage cut of 24 percent.

Nothing bad, provided workers were willing to make up the difference with larger wage cuts.

The problem comes when wage cuts happen - which they have across the board.

For manufacturing workers, the average wage cut is 20 percent.

The wage cut did not occur, and the organization eventually faded.

Some workers lost their jobs after opposing a wage cut.

The union struck again, and a new contract restoring the wage cut was reached in April 1924.