A community of 30,000 US Transcriptionist serving Medical Transcription Industry
the people who hold them are getting wage cuts instead of increases. We're ALL in trouble.
From the Washington Post: "The stagnation of wages has become an accepted fact across the political spectrum; conservative columnists such as Michael Gerson and David Brooks have acknowledged that workers’ incomes seem to be stuck."
"Defenders of right-to-work laws argue that they improve a state’s economy by creating more jobs. But an exhaustive study by economist Lonnie K. Stevans of Hofstra University found that states that have enacted such laws reported no increase in business start-ups or rates of employment. Wages and personal income are lower in those states than in those without such laws, Stevans concluded, though proprietors’ incomes are higher. In short, right-to-work laws simply redistribute income from workers to owners.
Why, then, are such laws being enacted? The gap between U.S. capital income and labor income hasn’t been this great since before the New Deal; why widen it still more? The answer, in Lansing no less than in Beijing, is political. The Republicans who took control of the Michigan statehouse in 2010 understand that Democrats’ foot soldiers come disproportionately from labor. GOP efforts to reduce labor’s clout help Republicans politically far more than they help any Michigan-based businesses or local governments. (The legislation, which Gov. Rick Snyder (R) signed into law Tuesday evening, establishes right-to-work requirements for the public sector, too.)
[In other words, the Michigan GOP sold out the workers of that state for party advantage, and no doubt also ideology. Judging by experiences of other states, this will create no new jobs, although Michigan may be able to "steal" some jobs from neighboring states by promising the companies Michiganers will work for lower wages.]
The rest of a very enlightening article at the link below.
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