Guest Column: Labor Day

Perhaps not many Americans any longer know, so here is my explanation
by Paul Craig Roberts [Excerpt, full PCR column here.]

Labor_MovementLabor Day—what is it?

In my time Labor Day was the unofficial end of summer, because school began after Labor Day. Today school begins almost a month before. When I was in school that would not have been possible, especially in the South. The schools were not air-conditioned. If school had started in August no one would have showed up. It was difficult enough getting through May before school was out in June.

As most Americans probably thought of Labor Day as the last summer holiday, now that Labor Day has lost that role, what is Labor Day? The holiday originated as an apology capitalists tossed to labor to defuse a standoff.

Workers understood that labor was the backbone of the economy, not Wall Street moguls or bankers in their fine offices. Workers wanted a holiday that recognized labor, thus elevating labor in public policy to a standing with capital. Some states created labor day holidays, but it wasn’t until 1894 that Labor Day was made a federal holiday.

Congress created the federal holiday in response to the murder of strikers by US Army troops and federal marshals during the Pullman strike of 1894. The factory workers who built Pullman railway cars lived in the company town of Pullman. George Pullman provoked a strike by lowering wages but not the rents charged in the company town. Continue reading

Movie Review: The Company Men (2010)

Home companion to Inside Job ____ 7.5/10

The Company MenPhil Woodward (Chris Cooper): My life ended and nobody noticed.

It seems to me this film makes the perfect companion to another film I reviewed recently, Inside Job, an investigation of the so-called Bailout of 2008. It simply seems that if one knows who raided—and continues to raid—the Great American Cookie Jar, one has a fair notion of fundamental causes of economic malaise… the kind that causes credit contraction, widespread business failures, and massive layoffs such as the one that afflicts the lead character in The Company Men: Bobby Walker (Ben Affleck). Continue reading