"Labor" Day Honor is Misplaced

I hope that all are enjoying the Labor Day holiday today, but it's important to remember that its origin is as another concession to powerful labor unions who had already won all their other demands from the industries they "labored" for.

Intellectually, Labor Day tacitly endorses the Marxist doctrine that all wealth arises from labor. Although a necessary ingredient for production, there could be no wealth creation without new ideas. It is the genius that produces the new ideas that is the real hero when it comes to creation of wealth and prosperity. As is explained by this Op-Ed from the Ayn Rand Institute, "We owe our relative affluence not to muscle power, but to brain power."

Happy Creator's Day!