Monday, September 05, 2011

Labor Day Links

Frank Pasquale

Just a few points of interest on Labor Day:

1) Alan Hyde, The Idea of the Idea of Labour Law: A Parable.

2) Yves Smith, The Decline of Manufacturing in America: A Case Study.

3) Mark E. Anderson, $500 a Month Less.

4) John Bowe, Nobodies: Modern American Slave Labor and the Dark Side of the New Global Economy.

5) Liza Featherstone, Selling Women Short: The Landmark Battle for Worker's Rights at Wal-Mart.

6) Robert Reich on the great regression.

7) Kyle Leighton, Less Fruits Of More Labor.

8. Andrew Leonard, The Big Squeeze on Labor.

9) Washington Post, Breakaway Wealth.

10) But don't worry, CEOs are doing something to stanch the flow of such disheartening news:

Here’s one financial figure some big U.S. companies would rather keep secret: how much more their chief executive makes than the typical worker. Now a group backed by 81 major companies — including McDonald’s, Lowe’s, General Dynamics, American Airlines, IBM and General Mills — is lobbying against new rules that would force disclosure of that comparison.

The lobbying effort began more than a year ago. It involved some of the biggest names in corporate America and meetings with members of both parties on the House Financial Services Committee and Senate banking committee. The companies and their Republican allies in Congress call comparisons between the chief and everyone else in the company “useless.”

But some Democrats and investors say the information should be issued to highlight the growing income disparity in the United States. They add that opponents of disclosure merely want to hide the outrageous scale of executive pay packages.

Opaque pay is a big problem in the UK, too. In pay-without-performance world of corporate titans, expect a lasting war against disclosure.

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