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 migration of tire production out of Ohio to southern states has been spurred by state and local government tax incentives and the states’ right-to-work laws that make union organizing more difficult. Auto makers, such as BMW AG and Volkswagen AG have set up plants in the South,” reports the Wall Street Journal.
Caterpillar “is already racing to expand capacity for mining equipment and has such a big backlog that it won’t be able to deliver on some orders for large mining trucks until 2014. Last month it spent $20 million to triple the size of its Sumter, S.C., plant that produces hydraulic cylinders.”
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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.