Wyatt earp
Diamond Member
- Apr 21, 2012
- 69,975
- 16,383
- 2,180
Say it ain't so..
They don't want to pay union dues?
They don't want to fund bloated unfunded pensions?
Why 78 Million Millennials Are Choosing Non-Union Jobs - Yahoo Finance
With union pension plans in such poor shape, young people see little value in having part of their paychecks go towards propping up what is essentially a Ponzi scheme. In 2014, the Department of Labor found that seven UFCW pension planshad reached “critical status”—meaning they are less than 65 percent funded. Some of these plans have been in critical status for seven years. Without a heavy influx of new members, these plans will be completely insolvent long before millennials retire. SEIU, AFL-CIO, and the Teamsters Union all also have plans that are in critical status.
One action that unions are not taking to get their finances in order is cutting pay to union bosses. At least ten UFCW bosses earn over $250,000 annually, and AFL-CIO Executive Vice President Arlene Holt-Bakers brings home $370,000. These extravagant salaries (along with the generous political contributions) are funded by entry-level workers’ dues
They don't want to pay union dues?
They don't want to fund bloated unfunded pensions?
Why 78 Million Millennials Are Choosing Non-Union Jobs - Yahoo Finance
With union pension plans in such poor shape, young people see little value in having part of their paychecks go towards propping up what is essentially a Ponzi scheme. In 2014, the Department of Labor found that seven UFCW pension planshad reached “critical status”—meaning they are less than 65 percent funded. Some of these plans have been in critical status for seven years. Without a heavy influx of new members, these plans will be completely insolvent long before millennials retire. SEIU, AFL-CIO, and the Teamsters Union all also have plans that are in critical status.
One action that unions are not taking to get their finances in order is cutting pay to union bosses. At least ten UFCW bosses earn over $250,000 annually, and AFL-CIO Executive Vice President Arlene Holt-Bakers brings home $370,000. These extravagant salaries (along with the generous political contributions) are funded by entry-level workers’ dues