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Brad Voracek — Reimagining “right-to-work”

Summary:
“Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.” This is Article 23 of the Universal Declaration of Human Rights declared by the UN in 1948. It sounds like a pretty good right to me. That’s why when I learned about “right-to-work” states in America I was dumbfounded. I thought we were fulfilling this right in my own country and I hadn’t even heard about it! Why were people still unemployed if we had a right to work?It only took a few minutes of research to find out that the “right-to-work” laws some states have are nothing like the fundamental human right. What these laws actually do is defend a worker’s right not to be required to join a labor union to work at a company.... Hey, the essence

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“Everyone has the right to work, to free choice of employment, to just and favorable conditions of work and to protection against unemployment.” This is Article 23 of the Universal Declaration of Human Rights declared by the UN in 1948. It sounds like a pretty good right to me. That’s why when I learned about “right-to-work” states in America I was dumbfounded. I thought we were fulfilling this right in my own country and I hadn’t even heard about it! Why were people still unemployed if we had a right to work?

It only took a few minutes of research to find out that the “right-to-work” laws some states have are nothing like the fundamental human right. What these laws actually do is defend a worker’s right not to be required to join a labor union to work at a company....
Hey, the essence of capitalism is free-riding, also known as rentierism.

The Minskys
Reimagining “right-to-work”
Brad Voracek

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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