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.
Investors Business Daily looks at the thriving American Auto Industry — no not the one in excessively-taxed and forced-unionism dominated Michigan but the lower-taxed Right to Work Tennessee:
President Obama triumphantly told the United Auto Workers last month that car manufacturing in America is back, thanks to the federal GM (GM) and Chrysler bailouts. In Tennessee, the reaction was: Don’t call it a comeback — we’ve been here for years.
Michigan may be Motor City’s home in most people’s minds, but Tennessee has emerged as another major hub of auto manufacturing and related industries. Big domestic and foreign automakers have several facilities here and are expanding rapidly.
Tennessee, one of many Super Tuesday GOP primary states, has mostly been spared the trauma of mass layoffs, closures and bailouts that plagued the Rust Belt. Business and free-market groups cite a key advantage: It is a right-to-work state, effectively preventing Big Labor from being a major player there.
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.