By Doug Porter
A Reagan-era standard allowing corporations to maintain an arms-length relationship with their workforces fell by the wayside yesterday as the National Labor Relations Board ruled in favor of the Teamsters in a dispute with California recycler Browning-Ferris Industries.
The bottom line here is that big companies may be held responsible for what goes on in the workplace. Organized labor is pleased with the decision. Wall Street isn’t. The actual ruling concerned the use of temporary employees. What people are reacting to are its game changing implications.
There are lots of poorly informed (meaning full of crap) analyses being passed off in various media accounts. To use a baseball analogy, just because a team acquires a high performance player doesn’t mean they’ll have a winning season. Just ask the San Diego Padres. [Read more…]