EDITORIAL ENJOY LABOR DAY WORKERS ARE IN THE DRIVER'S SEAT FOR JOBS.
That's because this is the year of the worker. Studies show that not only do U.S. workers enjoy the lowest unemployment rates in three decades, but they're also seeing real gains in income and wealth.
More people are working and they're working better, harder and smarter. Productivity, or workers' output per hour, didn't change substantially for 25 years until 1995, when it began growing rapidly, thanks in large part to labor-saving devices such as computers.
And there again, the worker has the upper hand. A decade ago, experts were predicting the worst for workers who would lose jobs to computers. But that hasn't happened. Computers and the high-tech industry are creating a whole new economy for America and job seekers and entrepreneurs.
The economic expansion that started in the early 1990s is one of the longest in the nation's history and has produced an estimated 16 million new jobs, though President Clinton likes to tout his administration as creating 22 million new jobs.
While there's some debate over the actual number, there's no doubt that America's workers are better off than a decade ago when unemployment was nearly 8 percent and the country was coming out of recession.
Coupled with that good news is the fact that inflation has remained modest, and that means workers and families have seen real gains in their incomes. For the past four years, average household income has been on the rise and is close to $40,000.
So what does all of this mean?
That Americans can sit back, relax, throw a hotdog on the barbie and enjoy Labor Day 2000 in peace and comfort.
Of course, Labor Day also means the last big holiday before school starts and the end of summer vacation season. Millions of Americans will be on the road enjoying their last summer fling, or returning home.
And that means drivers should take extra care so that everyone can relish one more day off work.
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|Publication:||Daily News (Los Angeles, CA)|
|Date:||Sep 4, 2000|
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