On this Labor Day, many will rightfully cheer a union renaissance as workers from Amazon to Starbucks unite to win contracts in a battle against an enormous amount of money and power levied against them.
But for workers to have more than just a fighting chance, they must have more money and power on their side. A start would be to better inform and persuade one of the largest groups of investors — those who manage how the $35.5 trillion in our country’s pension funds are invested. These investors can decide to direct dollars to support corporate practices that recognize workers’ rights, thus lessening shareholder risk by supporting an empowered workforce and a stronger middle class, and by halting the use of shareholder money to fight a company’s own workforce.
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