Edward Nasser is a student at Harvard Law School.
The NLRB has challenged some provisions in the required employment contracts that Bridgewater Associates, the world’s largest hedge fund, requires each full-time employee to sign. The NLRB filed an administrative action against the firm in July saying that Bridgewater has interfered with, restrained and coerced employees from exercising their rights. Because many other money management firms share the same contractual provisions being challenged against, the case has has the potential for wide reaching effects.
Unsurprisingly, unions are spending more money than ever before on the 2016 elections. Spending has overwhelmingly gone to support Hillary Clinton and a Democratic majority in the Senate, despite many white working-class voters and union members support for Donald Trump. Union leaders are trying to inform members on how each candidates policies–and Supreme Court nominations–will affect them.
Opinions at the Federal Reserve are split on when to raise interest rates. Janet Yellen, the chairwoman, has discussed the difficulty in assessing what effect monetary policy has on the labor market and inflation and advocated for a cautious approach. Eric Rosengren, the president of the Federal Reserve Bank of Boston, has suggested that the Fed should raise rates as early as December to avoid going beyond full employment.
Major League Baseball is proposing an international draft to complement the domestic amateur draft as a component of the new CBA being negotiated with players. The move calls for a minimum-age requirement of 18 for eligible players. Baseball executives believe the draft would lessen the potential for abuse and exploitation of international players, a market which currently has little oversight. International players can currently be signed by any team on their 16th, but often play in team-run camps for years prior to making any money. The current system has come under widespread fire for promoting corruption and aggressive labor practices.
Daily News & Commentary
Start your day with our roundup of the latest labor developments. See all
August 13
EEOC complaint process expected to harm federal workers; former UAW leaders endorse Fain challenger; Xbox employees protest layoffs.
August 12
Third Circuit affirms dismissal of driver’s bias and retaliation claims against CBS and Teamsters; employment litigation surges in Washington state; MIT Sloan professor argues the rise of “disposable workers” is transforming American employment.
August 11
Rideshare drivers nearing union certification in California; UFCW campaigns against electronic shelf labels; Teamsters support NYC delivery driver bill.
August 10
Employee sues for a fossil-fuel-free 401(k) plan as a religious accommodation; DHS submits a proposed rule eliminating 60-day grace period for H-1B workers; Eighth Circuit dismisses constitutional challenge to the FMSHRC.
August 7
Starbucks beats claims it denied shifts to union workers; Center for State Labor Innovation aims to address labor law shortcomings.
August 6
Taylor Farms faces scrutiny over labor practices; Bipartisan labor bill gains momentum.