09/07/2026
Public Service Announcement. If you are a member of the working class and/or a military veteran, this one’s for you. (Note: Veterans and their spouses make up over 10 million of today’s workforce.) Labor Day reminds working class folks of workplace benefits victories; all gained through Union advocacy and now taken for granted: Labor Day itself; 8-hour day, 40-hour week, pay raises, overtime pay; earned sick & vacation days; health insurance, retirement plans, safe workplace; education/training, teachers’ lesson planning time; medical staff protective gloves and masks; safety goggles; work breaks; break rooms, etc.)
Yet, even with that impressive list of pro-worker accomplishments, today’s U.S. business community has a “Bah Humbug!” attitude toward working people. In fact, the trend that began in the 1980s is expected to continue. That is, major corporations will surely soon announce massive layoffs. That’s become their tool of choice to exploit explosive, eye-popping profit margins. In other words, they refuse to share the windfall with their employees. Rather, profits have become the sole domain of corporate CEO pay packages, end-of-year bonuses in the millions of dollars, and the fact that stockholders demand a bigger return on their investments.
As one of England’s most famous writers, Charles Dickens exposed the global Industrial Revolution as a “Trojan Horse”. Though initially accepted by everyone as “progress”, reality revealed quickly that the “trickle down” theory (profit sharing) benefitting the workforce never happened. In short, enormous profits suddenly became the domain of the very rich.
As a prime example of the harsh disparity, one of Dickens’ greatest works, “A Christmas Carol” is a multi-level lesson contrasting the greedy life of the affluent, as compared to the dismal bare-bones life of a typical family unit in the U.S.
In fact, if 1800s Dickensian economic observers returned to the present day, they would need only two factors – economic & social standing -- to conclude that not much has changed for the work force since the 1870s. Said another way, if today’s TV financial news forecasters remind their viewers of one thing, it’s that most CEOs today appear to emulate miser Ebenezer Scrooge, the main character, while ignoring their workers, aptly personified by Mr. Dickens as dedicated worker Bob Cratchit.
The proof is in the pudding. In 1980, there were only 13 billionaires in the U.S. Today, fueled by an unsatiable appetite for more corporate power and outrageous spending habits, that number has ballooned to over 900. Considering that there was an 11% increase just between 2024 and 2025, that number will soon surpass 1,000.
For those familiar with “A Christmas Carol” book (or movies), you already know that it does have a happy ending. Mr. Scrooge is forced to self-evaluate his life, repents, and is transformed, finally sharing his bounty with his employees. Today, the working class waits for such a miraculous conversion in their corporate bosses.
In summary, as we wave the Stars-and-Stripes and enjoy a cookout with family & friends, please reflect on the true meaning of Labor Day (ref. enclosed slide).
Stay alert and defend your God-given rights to fair wages, health benefits, safe working conditions, union membership, etc. Why? Because their future is in question in today’s business formula.
“United we stand, divided we fall.” (Ancient Proverb.)