AFL-CIO Blog:

In a letter to Congress, 26 leaders from the investment community strongly endorse the Employee Free Choice Act, saying that it’s critical not just for the cause of human rights, but for business, too. The support of these business leaders is a valuable corrective to the anti-union spin and disinformation promoted by corporate lobby groups.Adam Kanzer, managing director and general counsel at Domini Social Investments LLC, says workers’ freedom to form unions and bargain is critical to a strong economy.

The Employee Free Choice Act is an investment in our shared economic future. The act will help to stabilize our economy, both in the United States and abroad, by establishing a more balanced relationship between labor and management. Today, American workers are producing more and receiving less. This is an unsustainable trend that creates material risks for employees, investors and the global economy. By more effectively protecting workers’ fundamental human rights, the Act would help to reverse these damaging trends.

The letter from investors details the flaws in our current system for forming unions, starting from the simple proposition that it should be workers, not their bosses, who make the decision about whether, and how, to form a union. The investors say that workplaces where workers are free to join unions are safer, fairer to workers, have lower turnover rates and deliver a better return on investment. In addition, when workers can bargain for a fair share of the value they create, they can get the economic security they need to have stronger purchasing power—an absolute must to turn around the economy.