Charles M. Schwab Quotes


There is nothing a worker resents more than to see some man taking his job. A factory can be closed down, its chimneys smokeless, waiting for the worker to come back to his job, and all will be peaceful. But the moment workers are imported, and the striker sees his own place usurped, there is bound to be trouble.


Citations

Hessen, Robert. Steel Titan: The Life of Charles M. Schwab. Oxford University Press, 1975, p. 62.

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The nation was divided over the issue of immigration. Many observed that the vast majority of the immigrants—especially the illegal immigrants performed jobs for which American workers could not be hired. Opponents like the congressman, claimed that if better wages were paid Americans would be doing the jobs, and as long as there were immigrants who would work for low wages, there was little reason for employers to pay more.


Charles M. Schwab
Charles M. Schwab
  • Born: February 18, 1862
  • Died: September 18, 1939
  • Nationality: American
  • Profession: Engineer, Industrialist, Philanthropist

Charles Michael Schwab was an American steel magnate. Under his leadership, Bethlehem Steel became the second-largest steel maker in the United States, and one of the most important heavy manufacturers in the world.