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In a statement delivered today to Capitol Hill and published as a full-page advertisement in The Washington Post, more than three dozen of the nation’s top economists call on Congress to pass the Employee Free Choice Act to help restore an economy that works for everyone, built on a sustainable, wage-based growth. The statement, signed by 39 of America’s top economists, including two Nobel Prize winners, points to the failure of U.S. labor laws to protect employees’ freedom to form a union and bargain as a major factor in our economic crisis. The statement says in part: Indeed, from 2000 to 2007, the income of the median working-age household fell by $2,000—an unprecedented decline. In that time, virtually all of the nation’s economic growth went to a small number of wealthy Americans. An important reason for the shift from broadly shared prosperity to growing inequality is the erosion of workers’ ability to form unions and bargain collectively. continue reading

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