The evisceration of labor protections has been one of the key factors underlying the drastic shift in power and wealth from the majority to the minority over the past 40 years. Unionization allows workers – i.e. the majority of Americans – to band together to ensure fair treatment from their employers. They can bargain collectively to ensure –among other things – fair wages, decent working conditions, and social and environmental protections. Given this, strong unionization rates in the 1950s and 60s played an important role in the improvement of living standards throughout America, the rise in median wages, and rapid economic growth that was fairly evenly distributed. This helped create what is now known as the “Golden Age of Capitalism” with the maintenance of a thriving middle class. - Rocky Anderson
Posted on: Sat, 27 Dec 2014 15:00:00 +0000