Economy Remix: Can We Rebalance the Scales Between Capital and Labor
The Labor Day holiday has come and gone, but the debate over how to recalibrate the scales between labor and capital has barely begun.
Of course, the place held by US labor has always been complicated. On June 28, 1894, President Grover Cleveland signed the bill creating the Labor Day holiday. On July 2, 1894—not even a week later—Cleveland called on federal troops to compel railroad workers striking against the Pullman Company to go back to work.