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.
Writing in D Magazine, Susan Arledge uses the facts to make the case for Right to Work:
The U.S. Bureau of Economic data shows that between 1990 and 2010, right-to-work states experienced much higher median economic performance with:
- Employment growth of 25.9 percent for right-to-work states vs. 7.9 percent for all other states
- Per capita income growth of 117.8 percent vs. 104.3 percent
- Population growth of 29 percent vs. 23.6 percent
- Manufacturing employment growth of 84.0 percent vs.19.4 percent
- Manufacturing wage per worker growth of 108.7 percent vs. 96.1 percent
Thus, on every economic dimension examined above, right-to-work states experienced significantly greater economic performance than non-right-to-work states.
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.