---

 ![](https://www.citywatchla.com/images/stories/Aug-2019/070d.png)

 [ LOS ANGELES ](https://www.citywatchla.com/index.php?option=com_content&view=category&id=312)

#  This Labor Day, We Need Real Plans to Build Worker Power

August 29 2019

Written by Finn Collom.

<a class="a2a_button_facebook"></a><a class="a2a_button_twitter"></a><a class="a2a_button_email"></a><a class="a2a_button_print"></a>[](https://www.addtoany.com/share)

**OTHER WORDS**-This Labor Day, Democratic presidential candidates will no doubt be touting their support for a $15 per hour minimum wage. [None have opposed](https://www.vox.com/2019/6/26/18715588/democratic-candidates-minimum-wage-2020) the idea.

A minimum wage increase would put more money in workers’ pockets. But so far, only two candidates — Senators Elizabeth Warren and Bernie Sanders — have far-reaching proposals to give workers something even more important: more power.

Both senators, for example, support the idea of requiring big corporations to give workers a seat in their boardrooms.

Warren’s [Accountable Capitalism Act](https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations) would guarantee workers the right to elect 40 percent of their firm’s board of directors. Warren [hopes](https://www.wsj.com/articles/companies-shouldnt-be-accountable-only-to-shareholders-1534287687) this will help companies break with the “shareholder-first” model that has resulted in a fixation on short-term profits.

In Europe, such [“codetermination” policies are widely prevalent](https://www.peoplespolicyproject.org/2017/09/08/models-for-worker-codetermination-in-europe/), providing unions a strong voice in corporate decision-making. In Germany, for instance, workers choose a significant proportion of company board members — and in certain industries, worker representatives exercise equivalent control to shareholders.

In addition to his [Workplace Democracy Plan](https://berniesanders.com/issues/the-workplace-democracy-plan/), which among other things would allow workers to organize throughout entire industries (and not just at their individual workplaces), Sanders is also reportedly developing a proposal to give workers [a direct ownership stake in their companies](https://www.washingtonpost.com/us-policy/2019/05/28/bernie-sanders-backs-policies-dramatically-shift-corporate-power-us-workers/?utm_term=.4232d74965ec).

This idea also has European roots.

In the UK, for example, the Labor Party program for [Inclusive Ownership Funds](https://www.theguardian.com/business/2018/sep/24/how-would-labour-plan-to-give-workers-10-stake-in-big-firms-work) would gradually shift up to 10 percent of large firms’ stock ownership into worker funds. Workers would receive dividends of up to around $600 per year, with any excess revenue going national welfare programs.

This UK plan can be traced back to a similar, but bolder, proposal in 1970s Sweden.

At that time, Swedish trade unions had agreed to keep wages down as part of an anti-inflation pact with employers and the government. But trade union economist [Rudolf Meidner](https://www.jacobinmag.com/2017/08/sweden-social-democracy-meidner-plan-capital) saw how corporations were accumulating excess profits in the arrangement and vowed to do something about it.

Under the “Meidner Plan,” Swedish workers would’ve continued to go without inflation-creating pay raises, but their economic power would’ve increased through the transfer of corporate voting share into new [employee investment funds](https://archive.org/details/Meidner1978EmployeeInvestmentFundsAnApproachToCollectiveCapitalFormation/page/n5). After just a few decades of operation, Meidner envisioned these funds securing majority control over the Swedish stock market.

The plan sparked a massive corporate backlash. Even [ABBA opposed it](https://www.csmonitor.com/1982/0901/090150.html)! (Band members not only topped the global pop charts — they also happened to own several companies.) The country’s center-left Social Democratic Party eventually rejected it, too.

Still, Meidner’s vision remains inspiring. Here in the United States, looking at how executives and wealthy shareholders have pocketed the lion’s share of Republican tax cut windfalls, [it’s clearer than ever](https://americansfortaxfairness.org/10016207-2/) that we need transformative change if workers are to get their fair share of the fruits of their labor.

A Next System Project poll found that a majority of Americans already [support](https://thenextsystem.org/learn/stories/wide-margin-americans-support-inclusive-ownership-funds) a policy resembling the proposed UK Inclusive Ownership Funds.

Economists have long grappled with how to couple traditional tax and wage policy with the broader question of building worker power. In the 2020 election, both Sanders and Warren have proven serious about confronting the latter challenge — though a few things still separate them.

Sanders deserves special praise for explicitly naming the “working class” movement he hopes to build. Recent reports revealed that Warren’s campaign, by contrast, [repeatedly crossed a Culinary Union picket line](https://www.cbsnews.com/news/2020-democrats-hope-powerful-nevada-union-can-help-serve-them-a-win/) in Las Vegas, which shows that we must hold “pro-worker” candidates accountable too.

This Labor Day, it’s time this country had a real conversation about building power for the working class.

*(Finn Collom is a Next Leader at the Institute for Policy Studies. This piece was first published in* [*OtherWords.org*](https://otherwords.org/this-labor-day-we-need-real-plans-to-build-worker-power/)*.) Prepped for CityWatch by Linda Abrams.*

 [ ![LA DWP #2 (Pay Your Bill Help)](https://www.citywatchla.com/images/LADWP/dwp%20level%20pay%205-7-25.jpg) ](https://www.citywatchla.com/component/banners/click/82 "LA DWP #2 (Pay Your Bill Help)")

 ![](https://www.citywatchla.com/images/banners/signup-for-cw.png)

## Get The News In Your Email Inbox Mondays &amp; Thursdays

 First Name

 [ ![Home - HHR Rent is too High - SB-2](https://www.citywatchla.com/images/HHR/AHF-rent-too-high.jpg) ](https://www.citywatchla.com/component/banners/click/104 "Home - HHR Rent is too High - SB-2")

 ---

##  Featured CityWatch Stories

 [ ![](https://www.citywatchla.com/media/yootheme/cache/20/070h-20f29015.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33277:trump-world-from-assassination-abroad-to-chaos-at-home&catid=395)

### [Trump World. From Assassination Abroad to Chaos at Home](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33277:trump-world-from-assassination-abroad-to-chaos-at-home&catid=395)

GELFAND’S WORLD - We’re at a moment when all sorts of political questions are coming to a head. And if that old phrase…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/ed/068d-ed5f9acd.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33261:zuckerberg-may-finally-pay-a-price-for-preying-on-our-children&catid=375)

### [Zuckerberg May Finally Pay a Price for Preying on Our Children](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33261:zuckerberg-may-finally-pay-a-price-for-preying-on-our-children&catid=375)

IN MY VIEW - As a mother of two children who has often been on the losing side of family battles against screen time, I…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/4b/070i-4ba64015.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33283:newsoms-next-immigration-gamble-defy-federal-law-and-dare-washington-to-fight-back&catid=375)

### [Newsom’s Next Immigration Gamble: Defy Federal Law And Dare Washington To Fight Back](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33283:newsoms-next-immigration-gamble-defy-federal-law-and-dare-washington-to-fight-back&catid=375)

MY THOUGHTS - Gov. Gavin Newsom is about to decide whether California should take another extraordinary gamble with fed…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/27/070e-279910b9.png) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33275:nithya-raman-has-yet-to-address-hasan-pikers-antisemitism-controversy&catid=375)

### [Nithya Raman Has Yet to Address Hasan Piker’s Antisemitism Controversy](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33275:nithya-raman-has-yet-to-address-hasan-pikers-antisemitism-controversy&catid=375)

THE VIEW FROM HERE - While it was outrageous that in May 2026 CD 4 councilmember and mayoral candidate Nithya Raman end…

 [ ![](https://www.citywatchla.com/media/yootheme/cache/a9/070g-a9407aaa.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33278:they-said-it-made-no-sense-then-they-voted-yes&catid=327)

### [They Said It Made No Sense. Then They Voted Yes.](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33278:they-said-it-made-no-sense-then-they-voted-yes&catid=327)

INVESTIGATIVE ANALYSIS - Sacramento has streamlined housing approvals so aggressively that residents rarely get a heari…

---

##  [ LOS ANGELES ](https://www.citywatchla.com/index.php?option=com_content&view=category&id=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/070d.png) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33281:designed-to-fail&catid=312)### [Designed to Fail](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33281:designed-to-fail&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/070m.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33287:la-mayor-in-flip-flops&catid=312)### [LA Mayor in Flip Flops](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33287:la-mayor-in-flip-flops&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/070k.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33276:karen-bass-just-sent-l-a-businesses-a-dangerous-message-follow-the-rules-or-dont&catid=312)### [Karen Bass Just Sent L.A. Businesses a Dangerous Message: Follow the Rules or Don’t](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33276:karen-bass-just-sent-l-a-businesses-a-dangerous-message-follow-the-rules-or-dont&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/068r.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33272:how-likely-is-an-all-la-super-bowl-next-february&catid=312)### [How Likely Is an All-LA Super Bowl Next February?](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33272:how-likely-is-an-all-la-super-bowl-next-february&catid=312)

 [ ![](https://www.citywatchla.com/images/stories/Aug-2026/068q.jpg) ](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33271:flying-out-of-lax-its-time-to-streamline-your-airport-strategy&catid=312)### [Flying Out of LAX? It’s Time to Streamline Your Airport Strategy](https://www.citywatchla.com/index.php?option=com_content&view=article&id=33271:flying-out-of-lax-its-time-to-streamline-your-airport-strategy&catid=312)
<div data-id="1" 
	class="eb-inst eb-hide eb-emailform eb-1 eboxContentLocker"
	data-options='{"trigger":"onPageLoad","trigger_selector":"","delay":3000,"early_trigger":true,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":1,"reverse_scroll_close":true,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":10000,"close_on_esc":false,"animation_open":"slideInDown","animation_close":"fadeOutDown","animation_duration":400,"disable_page_scroll":true,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #1 - Global Email Signup Form","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog eb-formVer" role="dialog" aria-modal="true" id="dialog1" aria-label="dialog1">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<form action="https://citywatchla.us2.list-manage.com/subscribe/post?u=34d69f33624fd058ee9b56516&amp;id=4bfa422f51&amp;f_id=00d6c2e1f0" class="eb" method="post" id="mcform-1" name="mcform-1" target="_blank">
			<div class="eb-form-header"><p><img src="/images/2023/06/be-a-city-watcher.png" alt="be a city watcher" width="350" height="97" loading="lazy" data-path="local-images:/2023/06/be-a-city-watcher.png"></p>
<p>Sign up to receive our special e-news blasts on Monday and Thursday evenings!</p></div>
	
					<div class="eb-field-row">

			
			
			
			<input class="eb-input" type="email" name="EMAIL"  placeholder="Email address"  id="EMAIL" value="" required>

			
		</div>
										
	<div class="eb-footer">
    	<button class="eb-btn" type="submit" name="subscribe" style="background-color:rgba(93, 183, 93, 1);color:rgba(255, 255, 255, 1)">
    		Sign up    	</button>
    </div>
</form>			</div>
		</div>
	</div>	
</div>
<div data-id="3" 
	class="eb-inst eb-hide eb-yesno eb-3 "
	data-options='{"trigger":"onScrollDepth","trigger_selector":"","delay":0,"early_trigger":false,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":2,"reverse_scroll_close":false,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":1000,"close_on_esc":false,"animation_open":"fadeInUp","animation_close":"fadeOut","animation_duration":300,"disable_page_scroll":false,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #3 - Yes \/ No Donation Popup Box","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog " role="dialog" aria-modal="true" id="dialog3" aria-label="dialog3">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<div class="ebox-yes-no">
	<div class="ebox-yn-text">
		
		
		<div class="ebox-yn-headline" style="font-size:22px;color:#888888">
			<p>If you only give once a month, would you consider giving to CityWatch?</p>
<p>Your support fuels our mission to promote and facilitate civic engagement and neighborhood empowerment, and to hold area government and its politicians accountable.</p>
<p>Would you like to help? Even if you can only give $5, it will make a difference.</p>		</div>
			</div>
	
	<div class="ebox-ys-buttons" style="font-size: 16px;">
		
<a
					data-ebox-prevent="0"
		data-ebox-cmd="close"
				target="_self"
		href="https://www.citywatchla.com/donate"
		rel="noopener"
	
	
	
	
	class="ebox-ys-btn"
	style="background-color:#2ec664;color:#ffffff;min-width:100px">
	Yes
	</a>
<a
	
	
			data-ebox-cmd="close"
		href="#"
	
	
	class="ebox-ys-btn"
	style="background-color:#ef2345;color:#ffffff;min-width:100px">
	Not Right Now
	</a>	</div>

	</div>			</div>
		</div>
	</div>	
</div>