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Business leaders from around the country recognize the important role unions can play in restoring balance to our faltering economy. These employers, investors, and academics see unions as a way to achieve long-term economic growth and stability.
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Employers Support Unions as Part of Economic RecoveryThe
members of Business Leaders for a Fair Economy, a national group of
employers, entrepreneurs, and business leaders, know that good-paying
jobs create demand for the goods and services they provide, and support
strengthening workers’ rights to form unions as a core part of our
nation’s economic recovery.
I believe that in these tough economic times we need solutions that
protect workers and support long-term growth and sustainability for
American businesses. It does not have to be an either/or scenario. I
personally can attest you can be a responsible employer that respects
workers’ rights and have a thriving, profitable business accountable to
its stakeholders.
Roger Smith, Chair, Business Leaders for a Fair Economy,
President and CEO, American Income Life Insurance Company and National
Income Life Insurance Company
The right of workers to earn a decent, living wage is a cornerstone of
the American ideal, and integral to the success of any strong company.
Our potential for growth is a direct result of the mutual respect we
share with our employees, and the unions that support us.
Richard Larkin, President and CEO, Larkin Enterprises, Inc.
We need to maintain a strong working middle class. If we don't have a
strong working middle class, my business isn’t going to exist.
Darren Horndasch, President, Wisconsin Vision
Investors See Protection of Workers’ Rights as an Investment in Our
FutureAn international coalition of 36 institutional investors
managing $757 billion across the global economy recently began an
initiative to ask every S&P 100 company how they protect and enhance
workers’ rights for their U.S. employees. These investors argue that
constructive and positive labor relations are crucial to a company’s
lasting success.
As investors, we believe constructive labor relations are essential for
improving productivity, efficiency and workplace safety.
Steven Heim, Senior Vice President and Director of Social
Research and Advocacy for Boston Common Asset Management, LLC
As long-term investors, we want companies to create value in a
sustainable way. Constructive labor relations can be a positive
influence on productivity, foster trust and loyalty, and help attract
and retain skilled staff.
Ian Greenwood, Chair of the U.K.-based Local Authority
Pension Fund Forum
I believe it is critical to protect and support the best employers in
America who treat their employees well with fair wages, healthcare and
retirement security. These employers who embrace their employees’
unions have to compete every day with those companies that sell workers
short with substandard wages and no benefits.
Jack Marco, Chairman, Marco Consulting Group
Business Scholars Make the Case for Unions in Today’s EconomyConcerned
about growing inequality and the disappearing middle class, leading
business school academics are speaking out in support of policies that
are both good for business and rebuild our economy. As these academics
point out, many successful businesses find benefits in labor-management
partnerships, including lower turnover, higher productivity, and an
enhanced capacity for innovation.
There are many businesspeople who understand the economy is
increasingly out of balance, and that unionism counts as an important
remedy. The middle class is losing ground as top managers make
astronomical salaries and workers’ wages remain flat. The economy
suffers from a deficit of purchasing power. Society is less democratic.
It is time for socially conscious business leaders to take a stand for a
more balanced economy and defend workers’ freedom of association.
David Jacobs, Associate Professor of Labor and Human
Resources, Earl Graves School of Management, Morgan State University
The evidence is clear that laws that fail to protect workers' rights
are also a serious drag on wage and productivity growth and make true
labor-management cooperation impossible. Real action to support workers
and their workplaces should be treated as the catalyst for an economic
recovery that is broadly shared and sustainable.
Thomas A. Kochan, Co-Director, Institute for Work and
Employment Research, MIT Sloan School of Management
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