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New Study Exposes Glaring Weaknesses of the GROW Act

New Study Exposes Glaring Weaknesses of the GROW Act Actuarial Report: Composite Plan Legislation Jeopardizes Retirement Security A new actuarial study commissioned by the largest multiemployer plan in the country, the Western Conference of Teamsters Pension Plan, found that the “GROW Act” would harm workers, retirees, and the Pension Benefit Guaranty Corporation (PBGC).
Download: WCTPT_Actuarial_Study_July_2020.pdf , WCTPT_PR_New_Study_Exposes_Glaring_Weaknesses_of_the_GROW_Act_7-21-20.pdf

YRC Receives $700M From Uncle Sam

TEAMSTERS UNION LAUDS CARES ACT RELIEF FOR YRCW WORKERS Loan Will Protect Livelihoods of 30,000 Workers Impacted by Pandemic A $700 million loan provided by the United States Treasury under the CARES Act will help YRC Worldwide, Inc.

TEAMSTERS JOIN IN CELEBRATING JUNETEENTH

TEAMSTERS JOIN IN CELEBRATING JUNETEENTH Union Calls on Congress to Create Federal Holiday The Teamsters join in honoring the 155th anniversary of the first Juneteenth and call on Congress to create a federal holiday marking the end of slavery. The Teamsters Human Rights & Diversity Commission will be celebrating along with Teamsters from across the country.


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So-Called Right to Work Laws Don’t Boost Jobs
Updated On: Feb 19, 2015

A study released in early March shows “right-to-work” laws hurt economies and don’t create jobs. The study by the Economic Policy Institute concludes: (1) So-called right-to-work laws have not increased employment growth in the states that have adopted them; (2) The case of Oklahoma, which in 2001 became the latest state to pass one of these laws, particularly underlines their failure to spur job growth. Since the law passed, manufacturing employment and relocations into the state reversed their climb and began to fall, precisely the opposite of what advocates promised; and (3) These laws may actually harm a state’s economic prospects and ability to develop employment in high-tech manufacturing, the “knowledge” sector and service industries dependent on consumer spending in the local economy. 

Read The 2015 Report About RTW in New Mexico Here

Seven Ways Pro-Worker Policies Help Everyone, Including Non-union Workers and CEO’s

A new report from the Illinois Economic Policy Institute and the University of Illinois Labor Education Program examines the differences between states that have "right to work" laws and states that don't, and states with and without prevailing wage laws. The report gives both general statistics and focuses specifically on the construction industry. Here are the top seven ways pro-working family policies are shown to benefit workers or CEOs:

  1. In states without "right to work" for less laws, the average worker (not just union workers) earns 6% more.
  2. An increase in union membership rate of 10% reduces income inequality between 4.7% and 14.5%.
  3. In states without "right to work" laws, CEO incomes were 17.9% higher in construction occupations than in "right to work" states.
  4. In states with prevailing wage laws, the median worker is paid 16.7% more than in states without prevailing wage laws.
  5. Prevailing wage laws reduce income inequality between the highest earners and lowest earners by 45.1%.
  6. States without "right to work" laws have lower income inequality by 2.5% to 8.2%.
  7. In states without "right to work" laws, workers earned 26.7% more in total income (including benefits).


Download: Right to Work Is the Wrong Answer for New Mexico's Economy.pdf

September 20, 2020
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