Card Check Cost: $1.75 Billion (or More!)
Tuesday, June 9th, 2009 by adminThe Hill has a must-read story on the real reason union officials are so desperate to pass the misnamed, anti-democratic, job-killing Employee Free Choice Act:
Passing the Employee Free Choice Act (EFCA) would result in millions in additional political funds for organized labor over the next 10 years, a business group opposed to the legislation will argue in a report to be released Tuesday.
Unions would stand to gain an additional $320 million to spend on political activities in year 10 alone with a 10-year total of $1.75 billion, according to a report put together by the anti-EFCA Workforce Fairness Institute (WFI).
That’s hundreds of millions more pumping into politicians controlled by organized labor. It’s $1.75 billion out of workers’ paychecks. But don’t forget: the real cost of EFCA could be 600,000-5 million lost jobs, according to an economic impact study released this year (and available to the right-hand side of this blog –>).
UPDATE: Shopfloor adds this thought on the job losses we mentioned:
Yesterday President Barack Obama announced at a Cabinet meeting that he plans to accelerate spending for the $787 billion stimulus plan to create or save 600,000 jobs over the next 100 days. However, it is a bit concerning the President has also previously expressed support for the jobs-killing Employee Free Choice Act that will destroy 600,000 jobs in the first year after enactment. One step forward, one step back.
A recent academic study by Dr. Layne-Ferrar shows that if union leaders’ expectations of increasing union membership by 1.5 million members in the year after EFCA passage are correct, 600,000 jobs will be lost.
It makes no sense that at the same that Congress and the Administration express a commitment to save and create jobs, they’ll pledge support for a bill that will kill just as many.
Tags: Jobs













June 9th, 2009 at 11:31 am
Shopfloor » Blog Archive » Card Check: +/- 600,000 says:[...] UPDATE (12:20 p.m.): More from The Truth About EFCA blog, “Card Check Cost: $1.75 Billion (or More!)“ [...]