eBook - ePub

Labor in the Age of Finance

Name: Labor in the Age of Finance
ISBN: 9780691217215

Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank

Sanford M. Jacoby,

360 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Labor in the Age of Finance

Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank

Sanford M. Jacoby,

About this book

From award-winning economic historian Sanford M. Jacoby, a fascinating and important study of the labor movement and shareholder capitalism

Since the 1970s, American unions have shrunk dramatically, as has their economic clout. Labor in the Age of Finance traces the search for new sources of power, showing how unions turned financialization to their advantage.

Sanford Jacoby catalogs the array of allies and finance-based tactics labor deployed to stanch membership losses in the private sector. By leveraging pension capital, unions restructured corporate governance around issues like executive pay and accountability. In Congress, they drew on their political influence to press for corporate reforms in the wake of business scandals and the financial crisis. The effort restrained imperial CEOs but could not bridge the divide between workers and owners. Wages lagged behind investor returns, feeding the inequality identified by Occupy Wall Street. And labor's slide continued.

A compelling blend of history, economics, and politics, Labor in the Age of Finance explores the paradox of capital bestowing power to labor in the tumultuous era of Enron, Lehman Brothers, and Dodd-Frank.

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Yes, you can access Labor in the Age of Finance by Sanford M. Jacoby in PDF and/or ePUB format, as well as other popular books in Economics & Corporate Governance. We have over one million books available in our catalogue for you to explore.