This is an opinion item.
| Author(s)
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Shikha Dalmia
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| Source
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The Wall Street Journal
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| Date
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July 11, 2009
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| URL
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http://online.wsj.com/article/SB124726442317425169.html
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| Quote
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"In a dynamic economy, a business's survival depends upon its ability to constantly cut costs and innovate. But a company forced into binding arbitration will be frozen for two years (the duration of the initial contract) from making any changes to any aspect of its business that is covered by the contract. Literally every issue -- from its 401(k) contributions to its reliance on outside labor -- could potentially become subject to review by a government panel that has neither the company-specific knowledge nor the incentive to turn a profit."
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This item argues against the position Act should be passed on the topic Employee Free Choice Act.
