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General AMSOIL News

Happy Labor Day 2023!

 September 4, 2023

By  Greg Vaughn

Happy Labor Day 2023! This day serves as an annual commemoration of the labor movement's contributions to the social and economic achievements of American workers. Importantly, it's a time to reflect on significant milestones that have shaped our current work environment. The journey to secure workers' rights has been long, and many of the benefits we enjoy today are a direct result of decades of activism, advocacy, and sometimes, upheaval. 40-Hour Workweek The concept of a 40-hour workweek is largely credited to the labor movement, which campaigned for shorter work hours to replace the grueling schedules that were commonplace during the Industrial Revolution. The Fair Labor Standards Act of 1938 (FLSA) finally established the five-day, 40-hour workweek, among other labor protections. Prior to this, it was not uncommon for workers, including children, to work 12-16 hour days, six days a week. Henry Ford was among the first industrialists to adopt a five-day, 40-hour workweek, but it was the collective bargaining power of labor unions that helped to institutionalize this schedule as standard practice across industries. ("The Fair Labor Standards Act of 1938," U.S. Department of Labor, DOL.gov) Ending Child Labor Child labor was another scourge that plagued early American industry. In the late 19th and early 20th centuries, children as young as five worked in mills, factories, and mines under hazardous conditions. The National Child Labor Committee was formed in 1904, paving the way for the Keating-Owen Act of 1916, which sought to regulate child labor. While it was struck down by the Supreme Court, it set the groundwork for future reforms. Ultimately, the Fair Labor Standards Act (FLSA) of 1938 effectively curtailed child labor by setting minimum ages and maximum hours for young workers. ("Child Labor in U.S. History," American Federation of Teachers) Labor Day's Relevance Today Despite these historical wins, the labor movement's work is far from complete. Issues like income inequality, workplace safety, and the rights of gig economy workers continue to be at the forefront of public policy discussions. For instance, the PRO Act, a progressive labor law reform, aims to strengthen workers' ability to organize and negotiate for better working conditions. ("What is the PRO Act? Here’s What You Need to Know," Economic Policy Institute) Labor Day serves as a reminder not only of what has been achieved but also of the challenges that lie ahead. Even as we celebrate, advocacy for better labor conditions is not a thing of the past but an ongoing necessity. Whether it’s advocating for a living wage, pushing for comprehensive healthcare benefits, or tackling the challenges of a changing economic landscape, the labor movement continues to play an integral role in shaping the American work experience. In an evolving work environment, let’s remember that good business happens when employees are treated fairly, enabling people to deal confidently with one another. This Labor Day, let's honor the past, assess the present, and look forward to a future where labor rights continue progressing. Again, Happy Labor Day 2023! Today, we honor the bedrock of our economy—the workers. This year, the significance of worker appreciation has new layers, especially in light of record-low unemployment rates and the unique challenges of the contemporary labor market. With this environment, it becomes even more crucial to remember that each worker is not just a cog in the machine, but a human being deserving of respect, fair treatment, and recognition for their contributions to society and the economy. Why Worker Appreciation Matters In any work setting, showing appreciation for employees goes beyond the mere act of recognition; it is a strategic imperative for fostering a productive and engaged workforce. Appreciation impacts morale, job satisfaction, and even the bottom line. Studies have shown that employees who feel appreciated are more productive, engaged, and loyal to their companies. ("The Connection Between Employee Recognition and Engagement," Forbes, Forbes.com) Dynamic of Low Unemployment While record-low unemployment offers an array of opportunities for workers, it doesn't automatically equate to job satisfaction or security. Thus, recognizing workers for their efforts becomes even more critical. Employers should be proactive in offering competitive salaries, robust benefit packages, and opportunities for advancement to attract and retain top talent. A satisfied and appreciated worker is not only productive but also more likely to be engaged in their work, which ultimately benefits both the individual and the organization. The Gig Economy & Freelancers The rise of the gig economy has presented new challenges in worker appreciation. Many gig workers do not have the security of full-time employment or the traditional avenues for recognition that come with it. However, they are still an integral part of the labor force that contributes immensely to the economy. This Labor Day, let's extend our appreciation to gig workers, freelancers, and contractors who often work without the safety net of employee benefits or institutional support. ("Gig Economy Data and Labor Market Impact," Investopedia) Unseen and Undervalued Workers Worker appreciation must also extend to those in roles that are often overlooked. This includes essential workers in healthcare, public transportation, and sanitation, among others. The pandemic has shed light on their importance, and Labor Day serves as a reminder to continually recognize their value. Inclusion and Equity Appreciation is not a one-size-fits-all endeavor. Employers should strive for inclusive practices that recognize the diverse contributions of all employees. Whether it's through pay equity audits or career development programs that serve underrepresented communities, embracing diversity and inclusion is not only morally right but also beneficial for business. ("How Diversity and Inclusion Drive Business Success," Harvard Business Review) Conclusion Labor Day 2023 offers a moment to pause and appreciate the labor force's incredible diversity and resilience. This appreciation is not just an annual observance but should be a continuous practice. From C-suite executives to gig workers, from full-time employees to freelancers, today we say, "Thank you for your labor." Your work powers our communities, drives innovation, and forms the backbone of our society. Here's to fair practices, decent wages, and a working environment that recognizes and values each one of you. Happy Labor Day 2023! We welcome your comments, questions and suggestions.  Please contact us with questions.  Best to callemail or visit our site for the best response.  We do invite you to engage with us on social media (just not for immediate needs). As always, if you like, you will find us on the following social media sites, among many others: Facebook LinkedIn Twitter   Written by Keith Klein & the team at OnYourMark, LLC with an AI assist They shared it with us, so we could share our wishes for a "Happy Labor Day 2023" with you!

Author: Greg Vaughn, President & CEO

Family Dealership established 1974
Vietnam War Veteran
Helicopter Mechanic, Military & Civilian
Civil Service, 1982- 2003

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