-- Connecting the dots between our economy, government and business --
A labor peace agreement in Chicago would essentially bar these essential service nonprofits from engaging with any union busting tactics and allow its workforce to seek union representation if they desire. These are organizations with city contracts that reported at least $1 million in revenue.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Those pushing for the Labor Peace Agreement should ask why one is needed after passage of the Workers Rights Amendment.