Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21
CISCO 2020 Dot com Bubble Stock vs 2021 Bubble Tech Stocks Warning Analysis - 6th Oct 21
Precious Metals Complex Searching for a Bottom - 6th Oct 21
FB, AMZN, NFLX, GOOG, AAPL and FANG+ '5 Waves' Speaks Volumes - 6th Oct 21
Budgies Flying Ability 10 Weeks After wings Clipped, Flight Feathers Cut Grow Back - 6th Oct 21
Why Silver Price Could Crash by 20%! - 5th Oct 21
Will China's Crackdown Send Bitcoin's Price Tumbling? - 5th Oct 21
Natural Gas News: Europe Lacks Supply, So It Turns to Asia - 5th Oct 21
Stock Market Correction: One More Spark to Light the Fire? - 5th Oct 21
Fractal Design Meshify S2, Best PC Case Review, Build Quality, Airflow etc. - 5th Oct 21
Chasing Value with Five More Biotech Stocks for the Long-run - 4th Oct 21
Gold’s Century - While stocks dominated headlines, gold quietly performed - 4th Oct 21
NASDAQ Stock Market Head-n-Shoulders Warns Of Market Weakness – Critical Topping Pattern - 4th Oct 21
US Dollar on plan, attended by the Gold/Silver ratio - 4th Oct 21
Aptorum Group - APM - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 3rd Oct 21
US Close to Hitting the Debt Ceiling: Gold Doesn’t Care - 3rd Oct 21
Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
Original Oculus VR HeadSet Rift Dev Kit v1 Before Facebook Bought Oculus - 3rd Oct 21
Microsoft Stock Valuation 2021 vs 2000 Bubble - Buy Sell or Hold Invest Analysis - 1st Oct 21
How to profit off the Acquisition spree in Fintech Stocks - 1st Oct 21
�� Halloween 2021 TESCO Shopping Before the Next Big Panic Buying! �� - 1st Oct 2
The Guide to Building a Design Portfolio Online - 1st Oct 21
BioDelivery Sciences International - BDSI - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 30th Sep 21
America’s Revolving-Door Politics Behind the Fall of US-Sino Ties - 30th Sep 21
Dovish to Hawkish Fed: Sounds Bearish for Gold - 30th Sep 21
Stock Market Gauntlet to the Fed - 30th Sep 21
Should you include ESG investments in your portfolio? - 30th Sep 21
Takeda - TAK - High RIsk Biotech Stocks Buy, Sell, Hold Investing Analysis for the Long-run - 29th Sep 21
Stock Market Wishing Away Inflation - 29th Sep 21
Why Workers Are NOT Returning to Work as Lockdown's End - Wage Slaves Rebellion - 29th Sep 21
UK Fuel PANIC! Fighting at the Petrol Pumps! As Lemmings Create a New Crisis - 29th Sep 21
Gold Could See Tapering as Soon as November! - 29th Sep 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Labor Day, The Unknown Holiday

Politics / US Politics Sep 07, 2009 - 08:09 AM GMT

By: Walter_Brasch

Politics

Best Financial Markets Analysis ArticleIt's Labor Day, and that means millions of Americans are celebrating. Most Americans have no idea what Labor Day is, other than self-serving political speeches, hot dogs, burgers, a pool party, and the last day of a three-day holiday. Few even know that Labor Day exists to allow people to remember and honor the struggles for respect, dignity, and acceptable wages and working conditions for the rank-and-file employees.


We don't know that the Knights of Labor created the first Labor Day in 1882 and that Congress made it a national holiday in 1894.

Almost none of us, including life-long union workers, know the personalities of the labor movement. About Mother Jones (1830-1930), the militant "angel of the coal fields" for more than six decades. About "Big Bill" Haywood (1869-1928) who organized the Industrial Workers of the World, a universal coalition to fight for the rights of all labor. About cigar-chomping Samuel Gompers (1850-1924), the first president of the American Federation of Labor, a job he held for 38 years.

We don't know about Sidney Hillman (1887-1946) who led strikes in 1916 to reduce the work week to 48 hours, from the standard 54–60 hours, and then helped create the Amalgamated Clothing Workers of America and the Congress of Industrial Organizations (CIO) before becoming a major political force for workers during the labor-friendly Roosevelt administration. Missing from our collective knowledge is the life of Saul Alinsky (1909-1972), known as the "father of grassroots political campaigns" who worked alongside Cesar Chavez (1927-1993) who used Alinsky's tactics to organize the United Farm Workers.

Most of us probably never heard about Eugene Debs (1855-1926), Joe Hill (1879-1915), and thousands of others who went to prison or were murdered defending the rights of the workers not only to organize, but to demand better working conditions. The names of Tompkins Square, Cripple Creek, Homestead, Lattimer, Lawrence, and dozens of other places where police forces massacred workers are unknown. We don't know about the Avondale mine fire that killed 110, because of faulty construction of the colliery and a disregard for worker safety, or of the fire at the Triangle Shirtwaist factory, where 148 women, some as young as 12, working under brutal sweat-shop conditions, died because a fire door was chained. We won't become involved in the struggle, risk our jobs and futures. That's someone else's responsibility.

We'll just follow inane rules and complain privately.

Most Americans, and certainly most journalists, don't know the story of Horace Greeley, a social activist and the nation's most prominent ante-bellum publisher, who created The New York Typographical Union for his typesetters and printers because he believed they needed representation. Most journalists also don't know about Heywood Broun (1888-1939), one of the nation's best-paid columnists who risked his own financial stability to create The Newspaper Guild in 1935 to help those reporters making one-hundredth of his salary. Most media don't even have local stories about Labor Day, preferring to run nationally-distributed stories and not "waste" any of the few reporters they have left.

The national syndicates and wire services, plus a few socially-conscious newspapers, may make the effort to find a current labor leader who will say organized labor is having a tough time but is still strong and vital, the only recourse against poor working conditions and unfair labor practices. The stories will tell us that about 12.4 percent of all workers are in unions, down from a peak of 35 percent in 1954, but the reporters don't dig into myriad ways of intimidation by Management, or of the professionals who mistakenly believe because they are professionals and not workers they don't need unions.

The reporters may interview the workers. An elderly man's remembrance of his life in the coal mines or breakers, and what Black Lung did not only to his own health but to his family and friends. They might chat with an elderly woman who worked 12-hour days six days a week for $3–$4 a day in the heat and humidity of a garment factory. They may talk with a few current workers who tell us the Recession has cut deep into their lives, but they work hard and are pleased that they still have a job.

Some stories may even dryly point out statistics—that the unemployment rate, according to the Bureau of Labor Statistics (BLS), is 9.7 percent, up from 4.8 percent when the Recession began in December 2007, that 14.9 million Americans are unemployed, up from 7.4 million. The stories might even note that 9.1 million Americans work part-time either because their hours and wages were "downsized" or because they couldn't find full-time work. Another 2.3 million Americans are "marginally attached," according to the BLS; these are unemployed Americans who aren't listed as "unemployed" because they haven't looked for work in four weeks; of these 2.3 million, about 760,000 are "discouraged"—their unemployment benefits have run out, they have tried to find work, but have given up.

Meanwhile, corporate executives are taking multi-million dollar bonuses for improving the "cash flow." Even if executive management makes significant mistakes, and the "return on investment" isn't what the Board of Directors expects, or the companies fail because of management incompetence and greed, almost all CEOs and their immediate underlings have the "golden parachute" that allows a soft drop from employment, yielding termination packages that amount to millions of dollars and considerable benefits and bonuses that no working class person will ever receive.

Business euphemistically claims because of "downsizing," "rightsizing," and "outsourcing," mostly to foreign countries, the "bottom line" is improved; corporate investors are being "optimally compensated." Since the recession began, more than a year before President George W. Bush left office, about 4.3 million Americans have been "downsized," according to data compiled by Challenger, Gray and Christmas Inc. Data collected by NowPublic reveals that 2008 was "the worst year for layoffs and job losses in the United States since World War II."

Although terabytes of data reveal the Recession is slowing under the massive Obama stimulus package, another one million Americans will be laid off this year. Recent Department of Labor studies report that American workers are "the most productive" ever. That's because not only are they are doing so much more to compensate for their fellow workers having been laid off, but because they live with the fear if they don't work even harder they, too, may be laid off or lose promotions in an economy that went as far south as our manufacturing plants.

Of course, there are some industries that have gained in the past year's plunging economy. Retail sales, which the Department of Labor reports as having the lowest average wages, is gaining workers. But, that's because it's just "good business sense" to hire 75 low-paid part-timers and save the cost of benefits than to hire 50 full-time clerks. Only about 16 percent of all retail workers even receive health care benefits, according to the BLS.

To the 50-year-old who worked hard for one company more than half of his life, showed up for work on time, left on time, and tolerated the company's banal preaching about everyone is "part of our happy family," and then is laid off as an "economy measure," the numbers don't matter. To the worker who put in 20 years in one job, and then is fired for reasons that would be questionable under any circumstance, the numbers don't matter. To the $20,000-a-year worker who is told she won't receive a raise because "we're having a bad year," but sees upper management not only get raises and more stock options, but also hire other managers, all of them making five times or more than her salary, the other numbers don't matter.

But, millions of Americans will have their bar-b-ques and family reunions, they'll splash in the ocean or hike mountain trails, and they will have no idea why the struggle for worker rights must be fought every day by every worker.

By Walter M Brasch PhD
http://www.walterbrasch.com

Copyright 2007 Walter M Brasch
Walter Brasch is a university journalism professor, syndicated columnist, and author of 17 books. His current books are America's Unpatriotic Acts , The Federal Response to Hurricane Katrina , and Sex and the Single Beer Can: Probing the Media and American Culture . All are available through amazon.com, bn.com, or other bookstores. You may contact Dr. Brasch at brasch@bloomu.edu

Walter Brasch Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in