Why is Labor Day important?

Answer 1

Labor Day is a United States federal holiday observed on the first Monday in September. The holiday originated in 1882 as the Central Labor Union of New York City sought to create "a day off for the working citizens". Congress made Labor Day a federal holiday in 1894. Labor Day is celebrated by most Americans as the symbolic end of the summer. Celebrations include picnics, barbecues, fireworks displays, water sports, and public art events. Labor Day is important to thank the American worker for all the hard work they do.
One way to measure the relative importance of labour in Canada's economic system is to compare what is paid to labour with what is received by the owners of capital and Natural Resources. Labour earns wages and salaries. The owners of capital -- those persons with savings -- earn interest, dividends, and profit. Individuals may own the surface of the land as private property. Those who lease it to others receive rent. In Canada, the community (that is, government) owns the natural resources such as water or mineral deposits on or beneath the surface. These natural resources may produce a flow of revenue for government in the form of various fees and royalties for their use or development.

Government transfers consists of mostly "unearned income" that is not received in exchange for the use of a resource. It takes the form of pensions to the elderly, sick, or disabled or income supplements for those with low income. Some of it, such as Employment Insurance and Canada Pension Plan income, may be considered a form of deferred income since workers contributed to these plans from their income.

Figure 1.1: Personal income, 2000

($ millions)

Source Amount % of Total

Labour Income (wages & salaries) 536,578 65

Unincorporated Business 65,216 8

Interest & Investments 114,134 14

Government Transfers 111,658 13

Miscellaneous 3,171 --

Total Personal Income 830,757 100

Source: Adapted from Statistics Canada. Canadian Economic Observer,

Statistical Supplement. Catalogue No. 11-010, September 2001.

Figure 1.1 indicates that 65% of all personal income was earned in the form of a wage or salary paid to employees, who are the focus of this resource. It does not include the income earned by independent business operators, self-employed farmers, fishermen, professionals, Section 1:

we should realize the importance of labor!!!

Answer 2

It is a historical holiday that celebrates workers and unions that contribute to society. It has been a national holiday since 1894.

In America it signifies the end of summer.

Answer 3

Labor day is important because it thanks all the workers for everything they do. Every country in the world has their own version of labor day.

Answer 4

It honors workers' contributions to society and gives them a day of rest.

Answer 5

Labor Day is a day set aside to pay tribute to working men and women. It has been celebrated as a national holiday in the United States and Canada since 1894

Answer 6

Labor Day was set aside to celebrate the labor unions, which are fading away today.

Answer 7

to honor all the people that work.