Topic: BusinessIndustry

Last updated: January 31, 2020

He was a hero because of his labor relations.Many people at the time were living in poverty and there weren’t enough jobs that had sufficient pay to support a family. The steel industry was one that had the highest earning wages. The average daily wage at the time for iron and steel workers were $1.87, this is far above other industries that had a smaller amount of pay. Others can argue that because of the bad working conditions workers faced in the steel industries, Carnegie shouldn’t be considered a hero. But isn’t the goal of a business to create more jobs? Carnegie believed that it was proper to have completion between the rich and the poor because if there wasn’t, there would be no individuals capable enough to provide such jobs to further expand the essential needs of laborer and those of the economy (Document E). When Carnegie sold the Carnegie Steel company to J.P Morgan for $400 Million, the newly named company (U.S Steel) created numerous amounts of jobs employing 168,000 people.


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