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.
Gilead Sciences, PennyMac Financial Services, and HCA Healthcare all have one thing in common. And that is that they are all investing in Right to Work North Carolina! Each will be investing in opening a new location somewhere in the state.
Gilead Sciences will be adding its main hub in Research Triangle Park. Meanwhile, PennyMac will be adding a new location in Cary. In addition, HCA Healthcare will be adding a new location in Asheville. Altogether, these new businesses will create hundreds of new jobs across the state.
Read on to find out more about each company’s investment!
“We look forward to introducing Gilead to the local community. […] We are eager to welcome many of the highly talented, highly skilled people who live in the Research Triangle region to work with us as we seek to advance new medicines for people with unmet medical needs.” […]
“With today’s announcement, Gilead confirms that North Carolina sits at the crossroads of technology and life science innovation and offers the talent, infrastructure, and business environment needed to support their success.”
AREA DEVELOPMENT MAGAZINE
“PennyMac recognized the benefits of our community, bringing an expansion that is certainly a testament to the talent in our market[…]. We are greatly appreciative of their commitment and investment.”
AREA DEVELOPMENT MAGAZINE
“Asheville has a diverse and skilled workforce with the experience to produce these important protective supplies that keep caregivers safe. […] Thanks to the HCA Healthcare Mission Fund, we are honored to welcome this new business to our campus, and we are excited for the job opportunities for our community.”
AREA DEVELOPMENT MAGAZINE
To read the previous update on economic development in Right to Work North Carolina, click here.
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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.