Robert Reich: Why Giant Mergers Harm Workers – OpEd
==========
Robert Reich discusses the harmful effects of giant mergers on workers; highlights the Federal Trade Commission's case against Kroger and Albertsons' proposed $24.6 billion merger; notes that the merger would control 70% of the grocery market in over 150 cities; emphasizes that the merger would reduce workers' bargaining power, leading to lower wages and worse benefits; points out the historical context of anti-monopoly laws established in 1890 and 1914; mentions the decline of union power from over 33% in 1955 to 6% today; cites the need for government to regulate corporate power for the common good; references key figures in the Biden administration, including Lina Khan and Jonathan Kanter, who are fighting corporate concentration; calls for more resources to combat inequality and corporate dominance.
#Mergers #Workers #CorporatePower #Inequality #LaborUnions #Ftc #BidenAdministration #Kroger #Albertsons #EconomicPolicy
https://www.eurasiareview.com/03092024-robert-reich-why-giant-mergers-harm-workers-oped/
Eurasia Review /
npub1wc…jzsfw
2024-09-03 16:14:00
Author Public Key
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2024-09-03 16:14:00Event JSON
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"content": "Robert Reich: Why Giant Mergers Harm Workers – OpEd\n==========\n\nRobert Reich discusses the harmful effects of giant mergers on workers; highlights the Federal Trade Commission's case against Kroger and Albertsons' proposed $24.6 billion merger; notes that the merger would control 70% of the grocery market in over 150 cities; emphasizes that the merger would reduce workers' bargaining power, leading to lower wages and worse benefits; points out the historical context of anti-monopoly laws established in 1890 and 1914; mentions the decline of union power from over 33% in 1955 to 6% today; cites the need for government to regulate corporate power for the common good; references key figures in the Biden administration, including Lina Khan and Jonathan Kanter, who are fighting corporate concentration; calls for more resources to combat inequality and corporate dominance.\n\n#Mergers #Workers #CorporatePower #Inequality #LaborUnions #Ftc #BidenAdministration #Kroger #Albertsons #EconomicPolicy\n\nhttps://www.eurasiareview.com/03092024-robert-reich-why-giant-mergers-harm-workers-oped/",
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