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.
Development Counselors International (DCI) ranked the top five and the bottom five states, in terms of what states provide an economic climate most favorable to business. The rankings show that states following right-to-work laws held the top five spots, while states following more union-friendly rules held the bottom five spots.
DCI asked corporate executives and representatives to name the three states they thought provided the “most favorable business climates,” and the three states least favorable to business. Texas ranked #1 in the final survey results, while California ranked dead last at #50.
DCI provided this commentary on the results:
1. Texas |
49.4% |
2. North Carolina |
27.8% |
3. South Carolina |
14.3% |
4. Tennessee |
13.9% |
5. Florida |
13.5% |
50. California |
70.5% |
49. New York |
46.5% |
48. Illinois |
24.4% |
47. New Jersey |
23.5% |
46. Michigan |
16.1% |
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.