Thursday, February 25, 2010

While American Workers Suffer, Union Leaders (and their staffs) Enrich Themselves

As another 496,000 workers lost their jobs last week, Veronique de Rugy has a great post over at Big Government explaining how those that work in the "labor union industry" (i.e., union bosses and their staffs) are faring much better than both all private and financial-sector employees...and even union members themselves.
Based on this data , I am thinking that the good life starts the day one gets a job as an employee of your local Labor Union and in fact those overpaid financial sector people might want to change jobs!
This table, based on data from the Bureau of Labor Statistics, shows the changes in the wages in three sectors: the private sector, the Labor Union industry and the financial industry. According to the BLS, the Labor Union industry “comprises establishments primarily engaged in promoting the interests of organized labor and union employees.” That’s basically all the guys who work in a Union...


As one can see clearly here since the beginning of the recession, private sector employees have seen their wages grown by 3.3 percent (roughly the rate of inflation.) The financial sector employees have been slightly better off with wages growing at a 4.1 percent rate.
Meanwhile, wages in the labor unions have continued to increase. And not by 5 percent or 7 percent but by over 24.9 percent!!!
Read more here...
Given the amount of layoffs and concessions being negotiated by unions (on behalf of union members) all over the country, one would think that union bosses might show some restraint when rewarding themselves and their staffs...
...One would think.
“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine, December 23, 1776

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