Is Labor Day Necessary?

From Wikipedia.

The form for the celebration of Labor Day was outlined in the first proposal of the holiday: A street parade to exhibit to the public "the strength and esprit de corps of the trade and labor organizations," followed by a festival for the workers and their families.

Labor Day's origins was based on appeasing the strength of the Unions.

Given the last 50 years of Union History, do we really want to continue to celebrate that? Labor Unions See Sharp Slide in U.S. Public Support

I'm not suggesting we give up the holiday - it has transmuted a lot over the years from a celebration of Union Power to a celebration of the ending of summer. But perhaps we should lessen the tie to Unions by renaming the Holiday to something else.

My suggestion is we simply adopt International Bacon Day - International Bacon Weekend? It is today afterall.