"Good" union contracts lead to job losses

See JD Vance Courts Sean O’Brien and the Teamsters by Allysia Finley. Excerpts:

"In the 2023-24 election cycle, 92% of Teamsters PAC donations to federal candidates went to Democrats, as did 91% of the union’s contributions to party committees."

[there was] "a report in February accusing two former Teamster officials of treating the union credit card “as a blank check to permit them luxury living without limit,” including restaurant tabs for meals with friends topping $3,000."

"In 2023, Yellow Corp., one of the country’s largest trucking companies, sought financial concessions from the Teamsters to stay in business. Mr. O’Brien refused and tweeted an image of a gravestone reading “Yellow 1924-2023.” The company filed for bankruptcy, and 22,000 Teamsters lost their jobs.

After threatening UPS with a strike that summer, Mr. O’Brien won a deal that increased average compensation for full-time drivers over five years to $170,000 from $145,000, including zero healthcare premiums and as much as seven weeks of vacation. Rising labor costs prompted UPS to cut 34,000 nonmanagement jobs last year, with another 30,000 planned for this year."