Why Protecting Unions and Instituting Codetermination Are Vital
0Codetermination is a system that allows employees to have a say in how a company is run. It can involve workers being elected to company boards or having a say in day-to-day decisions.
How it works
Board-level representation: Workers are elected to a number of seats on the company's board.
Shop-floor representation: Workers elect representatives to be involved in the day-to-day management of a company.
Benefits
Codetermination can help reduce conflict between employers and workers.
It can increase productivity, boost investment, improve job security, and make jobs more meaningful.
History
Codetermination originated in Germany and is a widespread practice in continental Europe.
It has been proposed in the United States, but has historically been resisted by corporate law.
Related ideas
Codetermination can operate in parallel to other industrial relations mechanisms of employee representation and influence, such as collective bargaining.
Senator Elizabeth Warren's Accountable Capitalism Act included moderate codetermination provisions.