Tag: Unions
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Union Workers Turn Against Organized Labor
As organized labor loses leverage in a race-to-the-bottom global market, some workers are becoming so disillusioned by what their unions can, or rather can’t, do for them that they want out. The disaffected include dozens of machinists at Caterpillar Inc.’s plant in Joliet who crossed the picket line during a strike last summer and are…
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One Word for CPS Teachers: Save
Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’ Pension Fund has about $10 billion in assets,…
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Chicago Teachers Union: It’s About Children Greed
According to the Chicago Tribune key issues separating Chicago Public Schools and the Chicago Teachers Union: SALARIES AND BENEFITS. The district offered 16 percent increase over four years and “modified step increases that both reward experience and provide better incentives for mid-career teachers.” The union said it’s closer on pay but is still concerned about…
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Illinois’ Pensions are the Worst
A new report being issued today — see the bottom of this post — from the Pew Center on the States says that Illinois once again ranks 50th of the 50 states in assets relative to liabilities. But while Illinois’ absolute position did not sink — a mathematical impossibility — its relative position did erode,…
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Labor Unions and Politics
On March 10 there was this story in the LA Times I meant to write about: Labor unions rethinking their role in politics As top union leaders gather in Florida on Tuesday to determine labor’s political strategy this year, the influential AFL-CIO appears poised to endorse President Obama’s reelection — despite some lingering dissatisfaction with…