Posts tagged Security and Exchange Commission
The Growing Distance Between Unions and Union Workers
April 5, 2024 // In theory, a thriving labor movement aims at deploying such coup-style strategies after winning the favor of the workers that spearhead its success. But this is the direct opposite of what’s happening today. Rather than being buoyed by the wave of employees flooding its ranks, the labor movement is instead hemorrhaging members and attempting to forge ahead by pushing against the current of worker sentiment. Unions’ numbers are dwindling. Grassroots tactics are withering. The workers of the world just aren’t uniting the way that unions would like. The solution, for today’s unions, is to invert their playbook, putting corporate and regulatory capture ahead of the will of the worker. Instead of galvanizing worker sentiment to move policy and manage proxies, major unions have taken to exploiting regulations in order to drag employees along from the comfort of the director’s chair. But by winning a seat on the Starbucks board, each of the SOC’s nominees would have had to confront an ugly choice: Make decisions that favor union density at the expense of worker autonomy and shareholder value; or own up to the damage that coercive organizing tactics have done to the corporation’s and employees’ interests. They were smart to withdraw their bid.