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Can Labor Fix Our Broken Economy?
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Aug. 3, 2020 | ECONOMY | Decades of soaring income inequality rendered tens of millions of Americans just one or two missed paychecks away from financial calamity. While CEO and shareholder income skyrocketed over the past four decades, ordinary Americans’ wages stagnated. Even those juggling multiple jobs struggle to feed their families, leaving them unable to save for retirement or squirrel away money for emergencies. But it doesn’t have to be this way. Labor unions force corporations to provide workers with family-sustaining wages, affordable health insurance, viable retirement plans, safe working conditions and other benefits that help workers survive crises like the pandemic. And only the growth of unions—along with a much-needed strengthening of U.S. labor rights—can restore fairness to the cruel economic system laid bare by COVID-19… LA Progressive
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