Published in Rolling Stone Magazine
January 14, 2009
In an open letter to President Obama, Paul Krugman, Nobel Prize-winning Princeton economist says the Employee Free Choice Act should be a key component of the economic recovery plan:
- “laying the groundwork to pass the Employee Free Choice Act, which would make it much harder for employers to intimidate workers who want to join a union... the legislation will enable America to take a huge step toward recapturing the middle-class society we've lost.”
- “The legislation will enable America to take a huge step toward recapturing the middle-class society we've lost.”
- “Unions not only negotiated better wages for their own members, they also enhanced the bargaining power of workers throughout the economy. At the time, conservatives warned that wage gains would have disastrous economic effects — that the rise of unions would cripple employment and economic growth. But in fact, the Great Compression was followed by the great postwar boom, which doubled American living standards over the course of a generation.”
Read Full Letter