Do yourself a favor and go read a brief history of how the holiday came to be on the American calendar.
Just to be brief...
In 1894 Pullman rail workers in Chicago went on strike over a 25% wage reduction. President Grover Cleveland ordered 6,000 federal and state troops to Chicago to end the strike. There were shootings, beatings and riots. Thirteen strikers were killed and 57 were wounded. In reconciliation, President Cleveland and Congress quickly passed a bill to found the new holiday in an astounding six days. It was a coalescing of the American populist movement, American socialism, and American unions. More here.
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