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.
Steel Dynamics, Inc. (NASDAQ: STLD), the nation’s fifth largest producer of carbon steel products, announced plans to expand its operations here, creating approximately 50 new jobs by 2013.
Barry Schneider, vice president and general manager of Steel Dynamics’ engineered bar products division. “The recent enactment of the right-to-work legislation is further evidence of Indiana’s commitment to providing the most competitive business environment possible for global companies like us to grow.”
The company will invest $76 million to expand its engineered bar products division to increase the mill’s capacity to produce special-bar-quality (SBQ) steel bars and the site’s product offerings. Facility upgrades and new equipment installation are expected to be complete by the end of summer next year.
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.