What happens when you put workers on corporate boards, as @ewarren wants to do? Evidence from Germany suggests that employment, capital investment, and labor productivity all rise -- but there's little effect on wages or the labor share of income. nber.org/papers/w26519.…
That suggests representation isn't the killer of business dynamism that some have warned, and also not the powerful engine for raising wages that advocates have advertised.
Although the study didn't look at the wider range of metrics that affect worker welfare, like safety, flexibility, benefits, etc.
