Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Your Retirement Life: Cost of Living Higher in These States Part I

April 25, 2018 By E.J. Smith - Your Survival Guy

By Stuart Miles @ Shutterstock.com

A recent study by the Jefferson City-based Missouri Economic Research and Information Center (MERIC) estimates the average annual cost of living in 2017 for all 50 states. The National Institute for Labor Relations Research used MERIC’s data to calculate the average annual cost of living in Right to Work States and forced-unionism states. As of last year, 28 states are Right to Work—protecting employees from federal labor law provisions authorizing forced union dues and fees.

Here are the results:

Unfortunately, Missouri’s law has yet to take effect as a consequence of Big Labor’s so-far successful exploitation of an obscure state constitutional provision to prevent its implementation.

The 27 states with active Right to Work laws combined had a population-weighted cost of living 6.1% below the national average in 2017. Forced-unionism states combined had a population-weighted cost of living 20.9% above the national average.

(MERIC itself does not weigh states based on population size in calculating its indices.

For that reason, the national average for population-weighted states does not equal 100.)

On average, forced-unionism states were 28.8% more expensive to live in than Right to Work states last year.

The correlation between forced-unionism status and a higher cost of living is robust.

Not one of the 14 highest-cost states in 2017 has a Right to Work law. But the 13 lowest-cost states all have Right to Work laws, and in 12 of the 13 those laws were in effect last year.

Correlation does not equal causation, but there is a compelling case to be made that compulsory unionism actually fosters a higher cost of living.

Union officials wielding forced-dues privileges funnel a large share of the conscripted money they reap into efforts to elect and reelect politicians who favor higher taxes on and heavier regulation of businesses.

how out of touch are big labor bosses

Originally posted on Yoursurvivalguy.com.

Related Posts

  • A Retirement High-Life
  • Your Retirement Life: NewportFILM Outdoors
  • Living Small and Saving Big in Red States
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Parents Rage as Woke Schools Shame White Children as Oppressors - April 20, 2021
  • The Clock is Ticking: You Must Protect Your Family - April 20, 2021
  • How Did You Save So Much Money? I Really… - April 19, 2021

Dick Young’s Must Reads

  • What’s the Best Survival Currency?
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Concentrate on Dividend Record and Compounding
  • My Smith & Wesson Revolvers Home Defense Team
  • “The Great Object Is that Every Man Be Armed”
  • Work to Make Money/Invest to Save Money
  • Robo-Advisors: When You Have a Lot More to Lose than Money
  • TAC, Embracing Old and Conservative Principles
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • Who Are Those Urging Violence?

Our Most Popular Posts

  • The Vanguard Wellesley Way
  • Florida, Texas, Montana Against COVID Coercion
  • The Government Cannot Constitutionally Interfere With Gun Ownership
  • “The Democratic Party is Dying.”
  • How Did You Save So Much Money? I Really…
  • Parents Rage as Woke Schools Shame White Children as Oppressors
  • What's the Best Survival Currency?
  • Dale’s Diner – No Más
  • Former Pfizer VP Blows the Whistle on COVID Mortality Rate Scam
  • Incentivizing People to Stay Home?

Disclosure

RSS Youngresearch.com

  • What Is Your Purchasing Power Going to Be?
  • There Are Plenty of Ways to Invest in This Market
  • Prices Are Going Up
  • How Did You Save So Much Money? I Really…
  • NJ Deli $35k in Sales, $100 Mil Valuation
  • TIPS Not the Best Inflation Hedge Today
  • Work to Make Money/Invest to Save Money
  • The Vanguard Wellesley Way
  • The Three Bubbles Threatening Your Portfolio Today
  • Turkey Bans Bitcoin

Gov. Ron DeSantis Protects Florida with Anti-Rioting Law

Woke Activists Rage at Home Depot for Tepid Georgia Law Criticism

VIDEO: Sheriff Tells New Floridians “Not To Vote the Stupid Way You Did Up North”

Trump Sought Peace: After Only Three Months of Biden, the Military Is Talking Nuclear War

Governor DeSantis: Key West’s Voters Need Your Help

Florida, Texas, Montana Against COVID Coercion

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives