The life cycle of labor unions is predictable, the late economist Sylvester Petro once wrote. Because they are born not out of mutual exchange, but out of state-backed coercion, American unions inevitably face eventual demise triggered by their own corruption.
After a four-year federal investigation into UAW bribes, kickbacks, and crony labor negotiations, the government has secured prison sentences for eight people connected to the union, Fiat Chrysler, and Automobiles NV, according to the Detroit News.
The feds raided six locations, including the home of UAW President Gary Jones, and say they have evidence of blatant corruption, including “wads” of cash and files that confirm long-held suspicions that the union's leaders spent workers’ dues on vacations, private villas in Palm Springs, and other luxuries...........To Read More....
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