

Toward a “Tender Offer” Market for Labor Representation
For decades, corporate America has succeeded in delivering ever higher profits for shareholders by squeezing workers. Whether the basic driver is labor monopsony, or a lack of worker power to capture economic profits at corporations, or increasingly ruthless business and legal practices, there appears to be a fundamental power imbalance between workers and the providers of financial capital. The result has been rich financial returns and stratospheric stock prices for shareholders, and increased economic and personal misery for workers.
Labor unions are supposed to provide a solution to these problems. They are designed to exercise the collective power of workers … Read more