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Monday, February 23, 2015

Walker pushes WFL: Work For Less - calls it RTW

2015/02/25 - ANTI - Right to  Work For Less Rally - Madison WI - Capitol

A primer on the lies, deception and truth of (right-to) work-for-less 2/20/2015

After you read this, use this --

JAKE'S ECONOMIC TA FUNHOUSE (see full blog entry)

From the above ... 
Here's something I wrote last month that went over a study from a Marquette University economist which showed that (right-to) work-for-less would cost Wisconsinites billions of dollars. Take a look at Dr. Abdur Chowdhury's analysis, and you may remember this specific passage.
The potential net loss in direct income to Wisconsin workers and their families due to a RTW legislation is between $3.89 and $4.82 billion annually. Using a conservative estimate of an impact multiplier of 1.5, the total direct and induced loss of a RTW legislation is estimated between $5.84 and $7.23 billion annually. Based upon the two estimates of lost incomes and an overall effective tax rate of 4.0%, the economic loss in state income taxes is estimated between $234 and $289 million per year. 

While considerable efforts are being made by certain legislators to pass the RTW law in Wisconsin, the empirical evidence on the effect of adopting such a law does not support prescribing it as an economic policy tool. Overall, this study shows that RTW legislation would provide no discernible economic advantage to Wisconsin, but would impose significant social and economic costs. Low wages would weaken consumption. Higher rates of labor turnover and adversarial labor-­‐management relations would decrease productivity. It would also burden the state with higher ‘mop-­up’ costs [costs for social programs such as child care and food stamps].
That same post also includes a similar analysis from Bruce Thompson in Urban Milwaukee, which shows that states that don't have this stupid legislation have higher incomes than states who do, and a lot of those allegedly booming "right-to-work" states are places like North Dakota and Texas that were seeing benefits from the oil boom. A boom that has now busted. 

#1% #Koch WI 1848 Forward: #Walker pushes #WFL: #99% Work For Less - calls it #RTW

#1% #Koch WI 1848 Forward: #Walker pushes #WFL : #99% Work For Less - calls it #RTW  - WFL is very similar to WTF

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