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Sort of. The Stabilization Act of 1942 (act of Congress) authorized FDR's Executive Order 9328 [0], which was a price/wage stabilization Order meant to keep the
by Domenic_S 2y ago
Sort of. The Stabilization Act of 1942 (act of Congress) authorized FDR's Executive Order 9328 [0], which was a price/wage stabilization Order meant to keep the economy stable during WWII.
Because companies could no longer compete via wages, they began competing with fringe benefits -- health insurance being chief among them. It's been that way ever since.
[0] https://en.wikipedia.org/wiki/Stabilization_Act_of_1942 https://en.wikipedia.org/wiki/Stabilization_Act_of_1942