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.
A hypothetical average Ohio family of four would be making $12,000 more a year today if Ohio had adopted a right-to-work law in 1977, concludes a report released by the Buckeye Institute. The Buckeye Institute’s study by Ohio University economics professor Richard Vedder says, “Arguably the single biggest impediment to an improved labor environment is the lack of a right-to-work law which guarantees workers the freedom to join, or not join, labor unions as they so choose.”
Here are some startling statistics from the report:
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.