Dwindling Resources - The AFL-CIO's Real Achilles Heel?

Posted 3:30 PM by Michael Fox

Even if, like me, you have not been carefully following the internecine battles of organized labor, today's post in A Working Life, Numbers Don't Lie, strikes me as significant. Although current AFL-CIO head John Sweeney had apparently tried to downplay it earlier this year, the organization had a $2.4 million defict for 2004.

Even more compelling to me:

As important, the reserves of the Federation have been declining steadily. In 1996, they stood at $56.3 million. By the end of 2004, the reserves were down to $30.9 million.

If I am a member of organized labor and trying to decide whether to continue to support the current powers or take a more untried approach, these figures might make me think there was nothing to lose, except perhaps by sticking with the status quo.

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