Another Reason Why Today’s Unions Suck: Dues Devour Wage Increases
26th April 2012
In addition to the $369 billion in underfunded union (private-sector) pension plans, the abundant evidence that unions kill companies and destroy jobs, today’s unions are doing such a miserable job at the one thing they’re supposed to do—negotiate contracts—that union members should demand refunds from their union bosses.
Given that union dues for most union members range from around 1.3% to 5% of pay, once union dues are deducted from members’ wages, the negotiated increases unions “achieved” for their members in 2011 are eaten up (and then some) by union dues.