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.
Three words helped create thousands of jobs in Alabama when Airbus, the European aerospace firm, announced it would invest $600 million in a new airline factory in Mobile, Alabama. Those words are “Right to Work.”
“We are a right-to-work state,” Gov. Robert Bentley said. “That is, Alabama is one of 23 states that forbid workers from being forced to join a union as a condition of employment.
‘The cost of doing business in Alabama is low,” the Republican governor said, adding later: “I think being a right-to work state is the reason many international companies look at Alabama and the other 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.