The Labor Movement has fought tremendously to protect workers over the years. Among other achievements, labor has led the struggle to end child labor, establish the eight-hour work day and paid overtime, secure guaranteed minimum wage, fight for the weekend, secure unemployment insurance, and establish the legal right of workers to form unions and collectively bargain for benefits. But not many Americans are not fully aware of the history behind Labor Day itself.
In the short term, economic recovery requires funding jobs at least in part by borrowing for the spending to really stimulate the economy. But in the medium to long term, we need to pay back the borrowed money we spend today and have the tax base to address our long-term infrastructure deficit. We believe it is only fair to ask Wall Street to pay for repairing the economy. After all, they are the once, whoâ€™s reckless greed helped kill our jobs.