Management and Organizational Studies Publications
Title
Can labor trustees bring about pension fund socialism?
Document Type
Article
Publication Date
2017
Volume
21
Issue
1
Journal
LERA Perspectives on Work
First Page
68
Last Page
71
Abstract
With the rise of institutional investment there was early excitement for some, and consternation for others, about “pension fund socialism” (Drucker 1976) brought about by the ability of organized labor to exert a new form of power by taking control of their workers’ capital. The argument is that pensions are deferred wages because they have often been collectively bargained as a trade-off for increased wages or other benefits in the current moment.
COinS