Wall Street's War on Workers : How Mass Layoffs and Greed Are Destroying the Working Class and What to Do About It

Redundancies upend people’s lives, cause enormous stress, and lead to debilitating personal debt. The societal harm caused by mass layoffs has been known about for decades. Yet, we continue to do little to stop them. Why?In Wall Street’s War on Workers, Les Leopold, co-founder of The Labor Institute, explains why mass layoffs occur and how our current laws and regulations allow companies to turn these layoffs into short-term financial gains. He provides a clear lens with which we should see how healthy corporations in the United States have used mass layoffs and stock buybacks to enrich shareholders at the expense of their employees. Wall Street’s War on Workers places U.S. labor practices in the broader context of social and political life, examining the impact financial strip-mining and legalized looting are having on party politics as well as society, destroying the integrity of democratic institutions. Both groundbreaking and urgent, Leopold’s expertise and research provides a compelling narrative that will captivate readers and shed light on a topic that deserves our attention, not only offering solutions that could halt mass layoffs, but also offering a new hope for workers everywhere.