Thursday, December 13, 2012

‘Right to work’: The wrong answer for Michigan’s economy | Economic Policy Institute

‘Right to work’: The wrong answer for Michigan’s economy | Economic Policy Institute
"RTW laws lower wages for union and non-union workers by an average of $1,500 a year and decrease the likelihood employees will get health insurance or pensions through their jobs. By lowering compensation, they have the indirect effect of undermining consumer spending, which threatens economic growth. For every $1 million in wage cuts to workers, $850,000 less is spent in the economy, which translates into a loss of six jobs."

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