Will Team Biden Weaponize Workers’ Pensions?
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
The National Institute for Labor Relations Research reminds us that labor union exclusively bargained labor contracts have a deleterious effect on job prospects for younger workers. Fortunately, the Right to Work laws of 22 states help provide younger workers job opportunities and a place to go according the study:
Low Union-Monopoly States Furnish ‘Safety Valve’ For Americans Aged 25-34 Who Can’t Find Decent Job Opportunities in High Union-Monopoly States, Census Bureau Data Show
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
What impact does handing a union monopoly power to deal with your employer on matters concerning your pay, benefits, and work rules have on your pay?
Wherever Big Labor wields the power to collect forced union dues, union bosses funnel a large share of the confiscated money into efforts to elect and reelect business-bashing politicians. Employment growth tends to lag as a consequence.