By Sahid Fawaz
A new study confirms that it pays (very well) to be union.
"The annual benefit of paying union dues is very high in Illinois, according to a new study.
For every $1 paid in dues and fees, a union member gets back an estimated $6.12 in after-tax income. This financial return on investment is in addition to other personal benefits, such as better health coverage and having a voice at work.
The report, The Application and Impact of Labor Union Dues in Illinois [PDF], was released April 13 by the Illinois Economic Policy Institute (ILEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign.
While 15 percent of Illinois’ workers are represented by a union, they can voluntarily choose to leave their unionized workplace, opt out of paying certain dues, or vote to decertify their labor organization. Thus, labor unions in Illinois must continually demonstrate how workers benefit from contributing membership dues.
The report analyzed information submitted by labor unions to the federal government. The unions studied represent 744,439 total members in Illinois. The study finds:
- The average union member contributes $663 in annual dues, fees, and other membership payments in Illinois to labor union locals.
- Labor unions in Illinois spend 77 percent of dues on bargaining and representation.'
- Only 2 percent of all dues in Illinois are spent on political activities and lobbying– or $14 annually per member."
For the full story, check out the Reboot Illinois article here.