Friday, November 4, 2022

Despite shrinking ranks, labor groups are thriving financially, while skimping on member spending.

 A new study by a pro-labor research group adds fuel to this debate

  • Despite continuing membership declines, big unions themselves are flourishing financially
  • They've managed to hike membership fees, cut costs by trimming union staff, and stint on strike benefits and organizing efforts
  • Average annual dues paid per member rose by 40 percent in 11 years, to $1,089, from $778
  • Over the same period, labor groups cut their own staffs by 20 percent, or 25,000 workers
  • One group that didn't get the heave ** however, was union leadership
  • Their ranks increased by 64 percent, to more than 12,000 employees
  • While salaries were going up, the amount of money that unions sent to members in the form of strike benefits remained small, averaging just $78 million a year, or 0.4 percent of annual unions' net assets

Self-preservation seems to be union leaderships' Number One goal

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https://www.city-journal.org/union-finances-swell-as-membership-shrinks

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