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What's behind boom in Indiana union assets?
X post in Labor
http://www.indystar.com/story/money/2014/10/26/behind-boom-indiana-labor-union-assets/17795161/
Jeff Swiatek, [email protected] 6 a.m. EDT October 26, 2014
A lot has gone wrong for Indiana labor unions the past 10 years, from foreign outsourcing of unionized jobs to passage of a right-to-work law by the Indiana legislature.
You wouldn't guess it by looking at union bank accounts.
Total assets of the state's 700 or so labor union locals have nearly doubled since 2004, from $182 million to $335 million, according to union financial reports filed with the Department of Labor.
The 83 percent jump in assets happened even as membership at the 700 locals slipped 9.8 percent since 2004, to 420,924. (Most of that decline came from 2004 to 2009. Since the recession's end in 2009, membership has actually risen 5 percent.)
FULL story at link.
