Posts Tagged ‘City Journal’
Monopolistic Unionism Linked to Higher Teacher Absenteeism
One typical effect of union monopoly bargaining in all kinds of workplaces, but especially in the public sector, is to make it very difficult for the employer to reward good employees or to discipline employees who slack off. A recent study by Thomas B. Fordham Institute’s senior research and policy associate David Griffith furnishes a…
Read MoreThe Pension Fund That Ate California
Steve Malanga tells the story of the largest government union pension fund – CalPERS, in the City Journal. After spending years dogged by unpaid debts, California labor leader Charles Valdes filed for bankruptcy in the 1990s–twice. At the same time, he held one of the most influential positions in the American financial system: chair of the investment committee for…
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