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.
In an interview with Politico, Indiana Gov. Mitch Daniels touted the benefits of the newly enacted Right to Work law saying his phones were “ringing off the hook with companies wanting to come to the state since he signed the measure.”
“Indiana has by every reckoning the 5th or 6th best business climate in the country, and now it gets a little better,” said Daniels on Fox News. “The phone began literally ringing yesterday afternoon with companies wanting to come to our state.”
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.