America, Celebrate All of Your Hard Work

09/02/07 - 09:21 AM EDT

Terry Savage

The Labor Day holiday is purely and simply a celebration of work. And we celebrate by not working!

This is a holiday that does not require displays of patriotism, like the Fourth of July or Memorial Day. We have parades on Labor Day, but they're intended to commemorate the fact that people work in this country to build financial security for themselves and their families.

For every generation the concept of Labor Day has a slightly different meaning. The very first "Labor Day" holiday, celebrated on Tuesday, Sept. 5, 1882, in New York City, was organized by the Central Labor Union. (Two years later, the date was fixed as the first Monday in September.)

America has come a long way in the past century since the original plan for "a street parade to exhibit to the public the strength and esprit de corps of the trade and labor organizations of the community," as the U.S Labor Department explains on its Web site. And yet in some ways things haven't changed that much.

A century ago, we relied on immigrant labor to do the essential and often messy or burdensome jobs that more established workers disdained. Thus we had immigrant groups that became the maids and housekeepers in the homes of "robber barons." Immigrants worked in the mines and the mills to dig the energy and make the steel that built America. As each wave of immigrants moved up the ladder of prosperity, more immigrants arrived to take their places on the bottom rung of the ladder.

« Previous Page
1 2
Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Free Newsletters from TheStreet

Cramer's Daily Booyah!
Highlights of Jim Cramer's videos
on TheStreet.com TV & his
"Mad Money" TV show.
Before the Bell
All the information you
need to position yourself
for the day ahead.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!