Showing posts with label Thanksgiving. Show all posts
Showing posts with label Thanksgiving. Show all posts

Wednesday, November 25, 2015

Talking Political Economy for Thanksgiving

 With Thanksgiving just a day away, I wanted to send along some guidance on how to deal with the inevitable political debate that breaks out over Thanksgiving dinner.

When your conservative cousin insists that raising the minimum wage is a bad idea, I want you to know how to push back. When your cantankerous uncle vilifies unions, I want you to be prepared with the facts.

Let’s start with the erroneous attacks on unions.

MYTH: "Unions haven’t done anything for us."
 
Wrong. Unions do not damage productivity or employment growth. Instead, unions help distribute income gains more equitably toward workers from corporate owners and their executive managers. Evidence shows that when unions are empowered, the higher pay and standards they set—such as overtime pay and the 40-hour workweek—spill over and benefit all workers.