Video of the Week: Three Reasons Why Public Sector Unions are Killing the Economy

Todd Thurman / April 16, 2010

The folks over at Reason.tv have produced a great video explaining how public sector unions are stifling economic recovery. It notes that unionized workers already made more than their private sector counterparts before the recession and that the pay gap has only grown since then.

Government jobs don’t create wealth because all the money they spend comes from tax dollars that are taken from another part of the economy. Government union jobs are not a net gain like a private sector jobs are.

With the Obama Administration hiring more and more government workers and making it more and more difficult for private sector companies to survive, it could be a long time before our nation’s unemployment rate returns to normal

California is an example of what not to do. Unions (because of the laws they worked to pass) have put California on the edge of bankruptcy and turned their bonds into junk bonds. The LA Times reported: (more…)