Wells Fargo employees vote in favor of unionization, a first for major US bank

return2ozma@lemmy.world to News@lemmy.world – 738 points –
Wells Fargo employees vote in favor of unionization
finance.yahoo.com
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Everyone should unionize.

It's the only way I'm aware of to turn this shit into an actual democracy without replacing the economic system.

What does it mean to be an actual democracy to you? I'm genuinely curious

I hate it when people downvote questions that aren't obviously sealioning.

I think they're referring to how non-democratic workplaces are the norm in capitalist societies, i.e., the employees who form the vast majority of a business have little to no influence on its operations.

I remember back when someone first ran the idea by me. I initially was confused - that's the way things are, after all! Business owners OWN a business, so they should get to call the shots.

Then I gave it some thought and I began to realize how weird that is. Why should one or a small group of people get to steer the lives of large groups of people with no say in their decisions? For example, if you have a 1000 employee business owned by one person, that single person can make decisions that can result in consequences that strongly affect all of those employees, e.g., reduced income or joblessness, life incompatible changes to work schedule, inhospitable work environments, etc., and face no repercussions from their employees. They're just shit out of luck. It's effectively a mini dictatorship or a part-time fiefdom. This is somewhat antithetical to the premises on which many countries are founded, but many are okay with it because of some combination of it having been the way things have been done and because it directly benefits them.

The response I often hear is "they can just get new jobs". The issue is when businesses are run similarly, they tend to settle into comparable compensation and operation parameters.When the majority of your applicable job market is dominated by similar companies who have settled into similar benefits, having no reason to do otherwise and with many facing investor pressure NOT to do otherwise, moving from one company to the other is just like hopping from one abusive relationship to another: it seems like an improvement, but you're ultimately still tied to yet another scumbag. You can get a new job but, without working to make significant change, you're just repeating the previous cycle.

In this situation, as most businesses are set up to specifically prevent employees from being able to make substantive change to the businesses that employ them, unionization provides a means by which employees can gain sufficient influence to make those changes.

This comprises part of what I would've answered so I'll just add a couple of points.

That decisions made by the exec layers in private corporations extend far beyond their employees via externalities. For example DuPont's actions that lead to polluting everyone's blood with PFOA whether or not they had any relationship with DuPont, business or otherwise. Or Norfolk Soithern's decisions that led to the reduction of home values in East Palestine following the freight train derailment earlier this year. Or the decisions made by Exxon's execs to misinform the public about climate change resulting in climate action delayed by decades and thus all of us suffering the current and future destruction and death. We have to live with all of the decisions made in the private sector that affect us and voting with our wallets clearly isn't an effective way to influence them.

The other is the ability for the same narrow class of people to decide what politicians to buy and what laws to have tbem write for their own benefit. And if this sounds a bit disconnected from unionization, consider where the money to do this comes from, and where would a lot of that money go in a strongly unionized corporation. The money goes into the workers pockets and there's a lot less left to buy politicians with. And that directly amplifies the votes of the many individual voters in the political democratic sphere. Of course there's also the amplification factor that is the higher disposable income in the workers pockets that allows for lobbying of their own. And then there's the amplification factor that is the unions themselves which can lobby politicians on behalf of their members.

Democratic workplaces such as worker coops are likely even better than unionization at improving on all of these points but that model is less familiar to people and it can't be applied to established corporations via unilateral employee action.

So to answer the question of what actual democracy means to me, think about the above and picture democraticy as a pie chart. One part corresponds to decisions affected by your political vote, the other - decisions that aren't. Currently the part that you have no say in is significantly larger than the other. In an actual democracy as I have it in my mind, the proportions would be reversed. The 80/20 would have the 80% of the decisions made in the country by people who represent me or my class. An actual democracy in economic speak is one where the balance of power between capital and labor is heavily tilted towards labor, because labor comprises the vast majority of people in the country. Here labor means anyone who has to work to earn a living instead of living off capital. Therefore it includes anyone from the burger flipper through middle management to the theoretical physics researcher.

I hope this makes sense. 🥹

I do think even in a worker coop there would be benefits to maintaining a labor union in parallel to that, even if it's all the same people, since it separates goals and efforts between the labor and the advocacy for the workers. Also if the union spans multiple companies

Haven't thought about that but you might be right.

Democracy in the parts of life close to you, such as at your job.

People who make business impacting decisions cant unionize.

What do you mean? Shareholders?

No..... leadership roles, managers, r&d, finance, process engineers, contractors etc. If they have any say in how a company will operate, they cant join a union.

I'm not sure, highly in demand professions like software developer already have a good amount of bargaining power with employers

Tell that to the hundreds of thousands of tech employees laid off during record profits in the tech industry

So what? Developers can get new jobs elsewhere. Are you saying people can't get laid off of there's a union?

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Then imagine the bargaining power we'd wield if we had large and strong union. If you lack imagination, consider the example of what the power of collective action achieved during the recent upheaval at Open AI. CEO replacement, changes to the board of directors. Wow! We prefer being deluded by the fact that we're getting a better deal than many others, but it's only as much as corporations can get away with while having us work for them and not put up a lot of fuss. We saw the swift switch of attitude over the last year once they figured they had a few more workers than they needed.

No we don't. A select few might but that's probably true for any profession.

Developers have great mobility, yes, but barring a few "key" employees, we're all pretty replaceable.

Wouldn't it be awesome if, instead of having to change jobs every 2 - 3 years to get a decent raise, the union just negotiated raises across the board for everyone?

So what? Developers can find a new job. I just moved through a few companies and accepted better offers every time

lol, individual bargaining pales in comparison, is more unequal, and is much more easily weaseled around

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