My paternal grandfather worked for Armor & Company. He said one day they had a company meeting and everyone was told they would only get 1/2 the hours. They did not have enough work to keep the employees busy so everyone had the pain of 1/2 the hours. They raised vegetables on some land they rented. They could sell the crop at the local farmers market. They lived in a one room house that they bought for $50. No running water, no electricity. It was just like my storage shed only I have electricity for lights in my shed.
My maternal grandfather was real lucky. He worked for the Post Office so he did not worry about getting laid off and they were very middle class.