Tagged: Unions

In his New York Times Magazine column this week, Adam Davidson looks at the future of organized labor. He writes:

In a bombshell decision on the limits of executive power, a federal appeals court panel in Washington, D.C., has invalidated President Obama's recess appointments to the National Labor Relations Board.

Legal experts say the court's reasoning upends decades of conventional wisdom and deals a big victory to Senate Republicans in an era of congressional gridlock.

LeBron James is arguably the best player in the NBA. His salary is $17.5 million a year. He's worth much, much more.

"He's getting hosed," says Kevin Grier, an economist from the University of Oklahoma.

James used to play for the Cleveland Cavaliers. When he left, the value of the team fell by tens of millions of dollars — and the value of his new team, the Miami Heat, rose by tens of millions. The economists I talked to said James should be making closer to $40 million a year.