Union Dues would cover 265,447 jobs….

Union Dues would cover 265,447 jobs….

A Great article at “Labor Union Report

One Year’s Worth Of Union Dues Could Support 265,447 U.S. Workers For A Year

Union bosses have been engaging in class warfare for so long now that it’s become standard for the media to echo the meme without challenge. An example of such mainstream Marxism is in today’s Bloomberg piece entitled ‘Runaway CEO Pay’ Could Support 102,000 U.S. Jobs, AFL-CIO Says. Bloomberg’s piece relies heavily on the AFL-CIO’s Executive Pay Watch, which was set up years ago to conduct a haves vs. have nots class warfare campaign to eventually have CEO pay limited by law or regulation. This was something union bosses accomplished to some degree with last year’s “Wall Street Reform.

Here is the AFL-CIO’s statement:

In 2010, Standard & Poor’s 500 Index company CEOs received, on average, $11.4 million in total compensation. Based on 299 companies’ most recent pay data for 2010, their combined total CEO pay of $3.4 billion could support 102,325 median workers’ jobs.

Using a simple calculator, it is easy to determine that the “workers’ jobs” would pay $33,227 per year (about $16 per hour), not counting union dues, of course.

Read the Rest then come back..

What the article says is truth. CEO’s do make a lot of money, taking ALL of it would leave WHO to run the corporation? Nobody works for free and Unions don’t hire, produce or develop anything. They are LABOR.

Here’s the basic math on union dues and jobs they would create:

If we were to use a conservative figure of $50 per month for union dues, in 2010, unions collected $735,000,000 per month in union dues from America’s unionized workers. Multiply $735,000,000 by 12 months and you get a whopping $8,820,000,000 that was collected in union dues in 2010.

Divide $8,820,000,000 by $33,227 and you’ll find that if unions did not take union dues from workers in 2010, 265,447 workers’ jobs could have been supported.

So union dues would cover DOUBLE the jobs CEO’s salary’s would… WOW, I’m all for that.

The article misses a little though. Consider this: $33,227 a year is the salary, it doesn’t take into account benefit deductions, union dues, FICA, and State Taxes. Your take home pay would be closer to 25k than 33k. A take home pay of 25k a year doesn’t afford the worker much more than a full time employee at burger king.

Now, let’s look at the CEO’s salary. Why? Well because liberals love to talk about what someone else makes… CEO’s make a LOT of money, but why are they paid so much? They are paid to make a company profitable, they are paid to RUN a company/Corporation and they have to have the ability to lead a group of people in attaining that goal. There are very few high school drop outs who are CEO’s Most of them are HIGHLY educated, very intelligent men or women. They made some good choices in their education and in their lives to put them in that position. IF a company or corporations shareholders pay it’s CEO a gazillion trajillion dollars, it’s because they can afford it, he/she is worth it, and they are good at their job. Regardless of HOW MANY JOBS their salary would produce.

Class warfare. Where do you stand?

 

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3 Replies to “Union Dues would cover 265,447 jobs….”

  1. I beg to differ with you – unions do produce something. They produce depression on the economy they operate in.

    Where do I stand?

    Firmly against the side that forces prices higher, forces owners to pay higher wages, and forces their members to belong.

    Let me be clear: I do not now, nor have I ever, understood why a union was considered a good thing. All unions do is force wages up artificially, causing the price of goods sold to be increased to cover the increase in cost of business, causing the item’s sales to be depressed, since chances are a non-union shop can produce the same item to sell for less, and, in a fast cycle, can cause the business to collapse and the jobs that were unionized there (along with the non-unionized jobs) to disappear.

    1. Cary, Exactly.

      Meaghan: Unions WERE a necessary item in America, During the industrial revolution there were some really bad businessmen. The UNIONS helped draft LAWS that are now on the books. They were responsible for OSHA, The LABOR BOARD, and several other watchdogs. The Union NOW is not as needed as it once was. My position on Unions is PRIVATE unions are NOT A BAD THING. Public unions are damaging our nation.

      Public unions donate to DEMOCRATS, they get paid by DEMOCRATS when they are in office then don’t they? so isn’t that a little odd?

      Burger king pays minimum wage, it’s like 8 bucks an hour here in Cali. it equals about 16k a year. Without OT. a fast food joint around here won’t get you to 25k unless you pull a lot of OT. It was a stretch of an analogy but you get my point. CEO’s vs Union Dues in that analogy is a stretch too.

  2. Well, I’ll be honest I’ve always considered unions a good thing but this is based on my study of history and on the fact that I grew up in Butte, Montana. Lots and lots of union activity in my hometown. However, I am far from current on the issue as it stands and therefore, I’m not entirely sure I can cast my vote either way.
    On a side note, is the 25k salary at BK a national average or just the pay rate there in Cali? Because, holy cow, I need to go snag me a job there. That’s over twice the dollar amount I live on each year. I had no idea BK paid so well. 🙂

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