"Half a Billion Dollars. That’s how much the California Teachers Association and the powerful Service Employees International Union have spent on California politics since 2000. The unions’ return on that “investment”? A legislature totally beholden to them for political support and campaign contributions. Here’s another mind-boggling number: Half a Trillion Dollars. That’s an estimate of the unfunded public pension liabilities racked up by California’s state and municipal governments due to overly generous pay and defined benefit pension plans lavished on unionized government employees."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Bill Frezza, Government Employee Unions Tee Up California's Bankruptcy, Forbes.com, May 16, 2014
https://en.wikiquote.org/wiki/Trade_unions
Revision History
No revisions have been submitted for this quote.
Categories
Trade unions
63 quotes on TrueQuotesView all quotes by Trade unions →
Related Quotes
"It was recognized, and recognized fairly, that when you get large bodies of workmen together they cannot, nor is it f…"
"Trade unionism, like friendly societies, is a peculiarly English growth. This country is the native soil in which suc…"
"Illinois owes well over $200 billion, with more than $150 billion owed to pensions and benefits of retired state work…"
"A growing body of work--both theoretical and empirical--has emphasized that unionization may be better understood as …"
"The massive labor shortage that’s rocked the U.S. since the pandemic and disrupted long-established employment relati…"
"FedEx Ground keeps contractors small by design to avoid becoming too dependent on one company in a service area. That…"
"Unions do not reduce wage inequality among women."
"I consider that every workman is well advised to join a trade union. I cannot conceive how any man standing undefende…"
"Some economists suspect that President Franklin Roosevelt’s “New Deal” cartelization policies, which limited competit…"
"States and public-sector unions may no longer extract agency fees from nonconsenting employees."