2018 Labor Day Facts – Travel, Money & More
2:22 AMPosted by: John S Kiernan
Labor Day in the 21st century is all about beaches, BBQs, ballgames and buying things. This year, for example, 25% of Americans plan to get out of town for Labor Day weekend . More than 133 million will enjoy a cookout. Thousands will pack college football stadiums. And the average Labor Day weekend shopper will spend $58 in the process, according to WalletHub’s survey.
But it hasn’t always been that way. Labor Day’s roots can be traced back to the streets of 1880s New York City, where rival union leaders joined forces to protest the unfair labor practices that plagued industry at the time.
This is not meant to take the wind from your sails as you enjoy one last dip in the summer sun. Rather, these Labor Day facts may help you cherish the holiday even more. Its place on the calendar is uniquely American – most other countries celebrate labor in May. And there’s ample reason for celebration, considering the industrial fatality rate has fallen by roughly 94% since the early 1900s.
So WalletHub gathered the most entertaining, educational Labor Day facts we could find to create this infographic. You can also check out the Ask the Experts section that follows for a panel discussion on the many facets of Labor Day.
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To gain a better understanding of the biggest issues facing workers today and how they’re likely to evolve in the near future, we posed the following questions to a panel of leading labor experts. You can check out their bios and responses below.
- What are the biggest threats facing working people today?
- How is the “Gig Economy” changing the nature of work? Should “Gig Economy” workers be treated like traditional employees or do we need new labor regulations for this growing sector?
- What policies should governments and firms adopt to improve the quality of life of American workers?
- How likely is it that Congress will pass new supports for workers, including an increase in the Federal minimum wage or mandatory paid family medical leave?
- What tips do you have for people that are planning a getaway for the Labor Day weekend?
Anne Marie Lofaso Arthur B. Hodges Professor of Law, West Virginia University
Emily Blank Ph.D, Associate Professor, Director of Undergraduate Studies, Economics Department, Howard University
Alfonso Flores-Lagunes Melvin A. Eggers Faculty Scholar and Professor of Economics, Senior Research Associate, Center for Policy Research, Research Fellow, Institute of Labor Economics (IZA) and Global Labor Organization (GLO), Syracuse University
Catherine Ruetschlin Ph.D., Adjunct Assistant Professor and Associate Director of the Economics Evaluation Unit at the Department of Economics, University of Utah
Bob Bussel Director, Labor Education and Research Center at the University of Oregon
David Wiczer Assistant Professor, Department of Economics, Stony Brook University
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