Posts tagged economy
Railroad worker negotiations head off the rails over paid sick leave
October 26, 2022 // November 17, the two largest unions announce their votes, and a few days later the deadline for BMWE's cooling off period expires. The possibility of a holiday strike looms.
Should Union-Backed Fraud Be Legal?
October 11, 2022 // Last week, the Ninth U.S. Circuit Court of Appeals issued rulings in cases brought by the Freedom Foundation alleging that government unions forged public employees’ signatures on membership agreements in order to continue deducting dues from their pay. Perhaps the most egregious of the decisions is found in Zielinski v. SEIU 503, in which SEIU forged Mr. Zielinski’s signature twice on two separate dues authorizations. These decisions essentially authorize government-employee unions to ignore the U.S. Supreme Court’s landmark 2018 ruling in Janus v. AFSCME by engaging in state-sanctioned fraud.
Major Rail Union Rejects Biden-Backed Deal, Reigniting Strike Fears
October 11, 2022 // While four of the dozen rail unions have thus far ratified, if the members of any union fail to agree to the terms, all 12 unions will go on strike, the AP reported. By rejecting the deal, the BMWED will return to negotiations with railways, entering a “status quo” period where unions cannot strike until Nov. 19, five days after Congress reconvenes, the BWMED stated.
MCMAHON: On Labor Day, The Data Shows The Struggles Of Our Country’s Small Businesses And Workers
September 7, 2022 // Research from Alignable shows that 40% of small businesses could not pay their rent in August, and the most affected sectors are agriculture, automotive, restaurants, and education. And when you ask these small businesses if they think things will improve, research from CNBC Small Business Index demonstrates that 77% will tell you that they expect inflation to get worse, while 57% believe we are already in a recession.
The Americans Who Never Went Back to Work After the Pandemic
September 6, 2022 // Padded by transfer payments, disposable income in America spiked in 2020 and 2021, reaching previously unattained heights despite the economic crisis. And after the initial steep but temporary plunge in consumer spending from the Covid shock, the stimulus-funded rebound pushed consumer demand well above its pre-Covid trend line. Americans actually had more money in their pockets during pandemic emergency years than they cared to spend—so their savings rates doubled. In 2020 and 2021, a windfall of more than $2.5 trillion in extra savings was bestowed by Washington on private households through borrowed public funds. That nest egg could supplement earnings—or substitute for them.
Another Weirdness of the COVID Labor Market
September 2, 2022 // The early retirements problem came into view as pandemic unemployment “cleared” and the labor market returned to status quo ante. The 65-plus group accounts for between 50 percent and 100 percent of the decline in the population-to-employment ratio, amounting to .7 percent of the entire workforce, perhaps a million or so workers, and about half that number were among those who chose to hang up their cleats ahead of time. These early retirements are interacting with the overall market in some unique ways. In a normal recession, businesses tend to cut labor costs through automation. As the old jobs are eliminated, workers are “reallocated,” meaning they move into new occupations. The NBER study finds that the COVID-19 recession saw almost no reallocation except in low-skill leisure and hospitality occupations. In the meantime, the number of workers in professional occupations grew as a share of the labor market. This relative expansion of professional jobs was also accompanied by “downskilling” (i.e., the relaxation of educational and experience requirements reflected in help-wanted ads) as firms responded to the tight labor market by making it easier for less credentialed workers to qualify for openings further up the value chain.
Opinion: Handcuffing Freelancers Is Bad For Economy And Small Business
June 3, 2022 // Addressing the increasing economic uncertainty, rising inflation, and declining consumer confidence requires a pro-growth economic response from Washington D.C. The right policy focuses on broad-based deregulation to reduce costs on businesses, encourage entrepreneurship, and incent greater economic activity
What’s New With Right to Work Florida’s Economy?
June 2, 2022 //
Rep. Good Introduces the Small Businesses Before Bureaucrats Act
May 24, 2022 // “The Small Businesses Before Bureaucrats Act brings much needed updates to federal labor law. Congressman Good should be applauded for bringing the NLRB’s jurisdiction back to the levels Congress intended. With inflation rampant and prices skyrocketing, it is absurd that these standards have not been updated since the 1950s. The modernization of NLRB’s thresholds will protect small businesses in Virginia and across the country from what many see as a partisan Board seeking to put union interest above workers and job creators.” – F. Vincent Vernuccio, President of Institute for the American Worker
BACKGROUNDER: Small Businesses Before Bureaucrats
May 16, 2022 // Rep. Good said, “Our nation’s small businesses should be able to operate freely without facing the threat of a federal agency imposing mandates that can put them out of business.”