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Investing in Stocks of Worker-friendly Companies

Resolution No. 114
32nd International Convention
June 17-21, 1996
Chicago, IL

WHEREAS:

Investing union funds in stocks of companies that:

  • Downsize
  • Raid pension funds
  • Pay minimum wage, and
  • Reduce employer-paid health benefits
    •

contributes to the "downward spiral" of society; and

WHEREAS:

Workers in these types of companies may cost their employer less but end up costing society more. These workers, because of the employer's actions, must access government programs to survive.

THEREFORE BE IT RESOLVED:

That union funds be invested wisely in stocks of companies that have worker-friendly policies.

SUBMITTED BY:

Liz Larson, President and Delegate
Faye Lee, Secretary
AFSCME Local 443, Council 28
Washington