There´d Be No Thanksgiving Without the Profit Motiv Posted By: Warner Todd Huston 11/22/2012 1:39:13 PM Referenced Article written by Lawrence Reed´s great essay on Thanksgiving. Publius Forum, by Warner Todd Huston Original Article
"The worst crime against working people," so said Samuel Gompers, "is a company which fails to operate at a profit." Gompers, of course, is known by the history books as the father of the labor union movement in America. He was founder of the American Federation of Labor. It may seem incongruous for such an important labor figure to say such a thing about profit, but Gompers appreciated something back then that perhaps a few of today´s labor leaders don´t. An economy without profit is an economy in deep, deep depression.