Author of Rediscovering America: How Our National Holidays Tell an Amazing Story About Who We Are Scott Powell discusses the origins of Labor Day and the great contributions of entrepreneurs and creators. Labor Day signifies that summer is coming to a close and fall is right around the corner. Powell offers insights into the importance of Labor Day, a holiday often not fully grasped by many due to its relatively subdued nature when compared to other major celebrations. Labor Day, as Powell underscores, is not just a tribute to the labor force but also a commemoration of the nation’s economic prosperity. Originating in the 1880s, the holiday was conceived by union workers who aimed to gain recognition for their contributions. Powell emphasizes that America’s success is in part attributed to the fair and respectful treatment of its workforce, a distinction that sets it apart from other thriving economies, such as China. Listen to the full interview in the first hour.
Interview with Kurt Gerwitz
Business professor Kurt Gerwitz shares his thoughts regarding labor and management. Inflation can be likened to a subtle tax, working in the background to erode the value of your social security, ultimately limiting your purchasing power. This phenomenon is not primarily driven by excessive money printing but rather by the accumulation of wealth among the affluent, which fuels asset appreciation. Currently, we are experiencing the tangible repercussions of this asset growth, stemming from the aforementioned economic dynamics. Interestingly, the upper echelons of society often do not prioritize addressing inflation, as its effects are not as keenly felt by everyday individuals who bear the brunt of its impact on their daily lives.
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