Labor organizing against private equity

It would help if government would pitch in a lot more on behalf of those who do the actual important, necessary work in this world.

The May Day action was the debut of an effort that organizers hope can provide a hub to better unite, educate and coordinate labor’s struggle against the growing power of private equity — in no small part by working with investors who manage workers’ retirement funds to demand that private equity firms abide by the platform’s planks.

Private equity firms invest billions in private companies, often purchasing controlling stakes in those companies, usually with the intention of restructuring and selling them off in several years. Private equity has a reputation for being perhaps the most ruthless arm of Wall Street, with a single-minded focus on stripping and flipping companies to make a profit. - Truthout

Labor in 2021, and right now

A good overview.

For the labor movement in the United States, 2021 was a year defined by the opening of new fronts. Though embattled and widely disempowered, U.S. workers and union organizers have taken up new mantles. Labor militancy has flared in response to both novel pressures and age-old antagonisms. The unique stressors of the COVID-19 pandemic further destabilized already-fractious arrangements — the grievances of the U.S. working class were mounting long before March 2020, a function of the decades of stagnation and austerity that have been imposed by concentrated private power.

Waves of protests and resignations signaled widespread disenchantment with the exploitative and authoritarian world of work, in a year that was regularly punctuated by organized action...

That said, advances remain tentative. It’s true that this year’s labor struggles played out across an unusually broad array of industries, but this variety belied the comparatively small scope of the 2021 “strike wave,” as it was deemed by many. The number of workers engaged in collective action fell short of the highs of recent years, as did the number of new union election filings. Recalcitrant energies are building, but they have yet to be organized, structured and channeled by a labor movement in which membership rates have long been in precipitous decline. - Truthout