Bidenomics Is Unsustainable – WSJ

The administration s fiscal glut includes many taxpayer-funded incentives for expanding industrial capacity. The Inflation Reduction Act s climate and energy subsidies are expected to surpass $1 trillion. While the inflationary effect is obvious, less appreciated is that these massive fiscal programs are designed to stimulate unionization.

The Inflation Reduction Act s manufacturing tax credits include prevailing wage requirements, which force firms that take the money to meet or exceed the average regional wage for that type of work. The requirements prevent firms from competing to reduce labor costs and effectively make unions wage setters. Forcing nonunionized employers to pay the same wages as unionized ones is unionization by other means.

via www.wsj.com