The National Labor Relations Board’s new rules for workplace unions have the potential to radically change the way Americans shop for food and shelter, but it’s also set to affect the way businesses operate.
The agency’s rule-making committee, made up of nine labor lawyers, labor representatives and representatives of other industries, will soon release its final report on the rules.
It’s going to give us a lot more insight into how we’re going to be able to create a system that works, said labor lawyer Roberta Kaplan, an associate professor at Georgetown University Law Center.
In the short term, it’s going be a boon for small businesses, because the rule will give them more bargaining power to negotiate better wages, terms and conditions.
But the rule also could help large businesses like McDonalds and Starbucks, which are struggling with the aftermath of a wave of restaurant closures that started in late 2014.
The industry has been hurt by low-wage workers leaving the job market to focus on food service.
McDonalds CEO Don Thompson told CNBC last month that he’s confident his company will be able survive the new rules.
If a business is able to keep workers happy, the company can keep profits, said Thompson.
“It’s not going to stop there.
It’s going have an impact on the whole business,” he said.
When it comes to the health care industry, Kaplan said the rule could help protect workers and the economy.
If a business has to close because they’re running out of money or because their employees are sick, it has a significant impact on their business and their employees, Kaplan told Recode.
A new rule that requires all companies to disclose the number of workers who receive overtime pay could also help small businesses.
Some states are already considering such a rule.
But it’s still unclear whether other states will follow suit.
Kaplan said the new rule is going to make it harder for small business owners to negotiate wage increases.
Small businesses need to make decisions about where to grow and where to invest in new businesses, she said.
And if a business can’t get their employees to accept better pay, the workers might feel less comfortable.
The new rule could also have implications for health care.
The rule will also apply to health insurers, so the impact of a new rule on small businesses could also be felt.