Following nationalisation in 1947 working conditions improved but pay fell behind national averages.
It's also where recent research revealed that directors' pay has fallen by £5,000 compared with 2006.
In this he was not successful and the pay of his soldiers fell into arrears.
Employers, not the government, would once again decide how low pay could fall, as they did until the Depression.
But in the same period, the average male worker's pay fell 10 percent.
For female high school graduates, entry-level pay fell by 4.9 percent, to $9.08 an hour.
But that did not mean his pay would actually fall.
My own (public sector) pay has fallen 5% from the level it was in 2005, despite working longer hours.
Even without an inflation adjustment, the median pay fell by nearly $700 from 1989 through 1992.
Contrary to myth, most public pay has fallen behind over the last decade.