September 24, 2020

The value of unions | Economy


The low impact of the debate on the crisis of capitalism in the United States is striking. The discussion has been promoted by the proposals of Elisabeth Warren and Bernie Sanders, Democratic candidates for the next elections for the US presidency. The strength of his ideas has had the virtue of provoking a surprising response from the influential Business Roundtable. The organization, which brings together executives of the largest corporations in the United States, has recognized that companies cannot have the sole purpose of shareholders' interests and that they must also incorporate those of employees, consumers, suppliers and those of communities What are they in?

The underlying issue is the unsustainable growth of inequality and social unrest that generates as the most reputed economists have highlighted: Joseph Stiglitz (The price of inequality); Thomas Piketty (The capital of the 21st century and the recent Capital and ideology) and Branko Milanovic (World Inequality and Capitalism, Alone). The recent book by Emmanuel Saez and Gabriel Zucman joins the significant title The Triumph of Injustice.

Once again the practical spirit of the Americans has appeared with concrete proposals. Warren, who says "believe in markets, but not theft," advocates strengthening labor rights. It states that workers must choose 40% of the members of the council in large companies, which must be strengthened by trade unions by facilitating membership and raising the minimum wage up to $ 15 an hour. Sanders goes further and advocates that workers own 20% of large companies. A measure similar to that raised by British Labor.

In Spain, new forms of business organization and labor reforms of 2010 and 2012 have crushed the rights of workers. A palmar reflex is the increase in poor workers who reach 14% of employees. Comisiones Obreras points out that the average salary of 10% of the population that earns the least has fallen from 502 euros per month in 2007 to 464 euros in 2017. UGT proclaims that there is to pursue unjustified temporality, fictitious part-time employment, false self-employed , overtime not paid and inequalities at work. Both unions urgently demand repeal of labor reforms.

Unions are the best connoisseurs of working conditions and social reality. They are a force with a wasted capacity. Their contributions are more necessary than ever to balance the economy and reduce inequalities. American Democrats and British Labor who recognize the value of unions may be in power tomorrow. President Roosevelt's New Deal saved the country in 1933 recognizing more rights. Entrepreneurs know that companies work best when workers feel valued. There are alternatives, or at least attempts.

. (tagsToTranslate) value (t) union (t) contribution (t) be (t) necessary (t) necessary (t) balance (t) economy (t) reduce (t) inequality



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