Labor Day weekend is not only a reminder of a beginning of fall sales blitz in retail industry, it also marks the reinforcement of workers' contribution to the fabric of American dreams. So, it's noteworthy to trace back the roots of Labor Day and how it has all started.
The first Labor Day was celebrated on September 5, 1882 in New York City and organized by the Central Labor Union, a predecessor of AFL-CIO. However, it's still unclear whose idea it was to mark the Labor Day as a Holiday. Historians are a divided lot, with some saying that it was an idea of American Federation of Labor co-founder Peter J. McGuire while others think that it came from Matthew Maguire, a machinist. Either way, Labor Day and International Workers' Day, marked on May 1, are historic in advancing the labor rights movement. Labor Day Holiday was first marked a federal Holiday in 1892. Many of the today's demands such as $15 an hour wage and also regulations at the state and federal levels have spawned directly from the workers' struggle in the late 19th- and early 20th century.
However, today's business challenges such as globalization and technological revolution pose both the risks and opportunities to our workforce. According to a 2017 McKinsey Global Institute report, "by 2030, 75 million to 375 million workers (3 percent to 14 percent of the global workforce) will need to switch occupational categories". To address this sort of disruption, governments and private enterprises need to provide enhanced training to the workforce on continuous basis and healthcare options need to be decoupled from specific employers. With the advent and dominance of AI, ML and dominance, "cobotics"--humans working alongside their new robotic colleagues--will be the foundation of work ecosystem. Policymakers and government officials need to hew their policies toward smoothing out the process of massive disruptions to be brought about by the technology of future and help workforce to adopt and adapt to automation without significant pains.
The first Labor Day was celebrated on September 5, 1882 in New York City and organized by the Central Labor Union, a predecessor of AFL-CIO. However, it's still unclear whose idea it was to mark the Labor Day as a Holiday. Historians are a divided lot, with some saying that it was an idea of American Federation of Labor co-founder Peter J. McGuire while others think that it came from Matthew Maguire, a machinist. Either way, Labor Day and International Workers' Day, marked on May 1, are historic in advancing the labor rights movement. Labor Day Holiday was first marked a federal Holiday in 1892. Many of the today's demands such as $15 an hour wage and also regulations at the state and federal levels have spawned directly from the workers' struggle in the late 19th- and early 20th century.
However, today's business challenges such as globalization and technological revolution pose both the risks and opportunities to our workforce. According to a 2017 McKinsey Global Institute report, "by 2030, 75 million to 375 million workers (3 percent to 14 percent of the global workforce) will need to switch occupational categories". To address this sort of disruption, governments and private enterprises need to provide enhanced training to the workforce on continuous basis and healthcare options need to be decoupled from specific employers. With the advent and dominance of AI, ML and dominance, "cobotics"--humans working alongside their new robotic colleagues--will be the foundation of work ecosystem. Policymakers and government officials need to hew their policies toward smoothing out the process of massive disruptions to be brought about by the technology of future and help workforce to adopt and adapt to automation without significant pains.
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