Stakeholder Capitalism - How Trade Unions Lift Worker Wages

Explore the relationship between declining union membership and income inequality in this 28-minute video from the World Economic Forum's Stakeholder Capitalism series. Examine how trade unions impact worker wages, comparing the situation in the United States with Denmark's approach. Hear insights from Heather Long, economics correspondent at The Washington Post, and Thomas Søby, chief economist of the Danish Metalworkers Union. Discover the potential benefits of union representation for both workers and employers, and learn about alternative approaches to addressing income disparities, such as retraining programs and free community college initiatives. Gain a deeper understanding of the complexities surrounding labor unions, the gig economy, and their effects on worker compensation in different economic systems.