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A new report prepared by Moody's Analytics, known for credit rating and financial analysis, was released recently.

This report says the biggest threats to Illinois' economy aren't labor unions and government regulations but rather growing debts and the lack of tax revenue. In fact, the report from Moody's Analytics concluded that efforts to curtail union membership in Illinois are likely to be detrimental to the middle class.

Page 24 of the report says, "Since laws that hurt unions shift the balance of power from employees to owners, they tend to erode wages and lead to a more uneven distribution of the gains of economic growth. Consequently, even if the impact of right-to-work laws is positive in the short run, it can diminish over time because of the downward pressure on incomes."

The full report is available on the Commission on Government Forecasting and Accountability's website.

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