Labor unions have a big impact on improving work lives for both unionized and nonunionized workers. Through labor union, workers have higher bargaining power so they have a stronger voice on their job and influence corporate policy for better wages, benefits, and working conditions.
With the current state of global economic condition, it is quite hard to give financial instruments even a little recognition. From complicated instruments to misguiding AAA rated junk, they all had their share of public scrutiny. Surprisingly, however, financial instruments have recently received a little break. The break is called Social Impact Bond.