With both houses of the U.S. Congress now in Democratic control, the battle of labor unions vs. business interests was bound to take center stage. And here we are -- business interests are raising millions of greenbacks to try and defeat renewed labor union efforts. No surprise here.A new U.S. House of Representatives committee working just this week on the "Employee Free Choice Act" would provide greater legal protection for union organizers. Do businesses with large amounts of labor-based employees want this? No, of course not. This battle will see the light of day again soon -- very soon -- as these two perennial enemies duel it out underneath the umbrella of this new committee.
It's pretty easy to see that large leaders of the labor unions provided hefty sums to support recent democratic hopefuls in recent elections, and we all know the outcome as these unions now have Democratic friends in influential high places. A key driving stat that will be used over and over though? How about this: the percentage of wage and salaried workers in unions last year was 12%, compared with 20% in 1983 -- about 24 years ago.
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