There isn’t an economist in the country who doesn’t understand that 70% of our economy is consumer driven. And the vast majority of consumes are workers who rely on weekly or bimonthly paychecks. Without those paychecks, consumption would drop precipitously, driving the country into a depression.
Therefore, it is essential that the country enjoy high employment. And high rates of employment tend to exist in right-to-work states, where unions cannot make onerous demands on employers. One need only look at the states where Nissan and Toyota manufacture cars and compare those right-to-work states with Michigan, where the UAW has helped to make the U. S. auto manufacturers into second-class companies that are on the verge of bankruptcy.
Now unions and their congressional allies are pushing for the passage of the Employee Free Choice Act (EFCA). And according to organized labor, the EFCA will result in millions of new union members.
If that happens, labor costs will skyrocket and layoffs will follow as surely as night follows day. Laid off workers will not be able to be spend money; consumption will plumment; the economy will suffer; and the country could descend into another depression.
