Wednesday, January 15, 2020

The death of the union has made economic inequality worse

https://news.yahoo.com/one-astounding-chart-shows-death-162319172.html

(Joseph Zeballos-Roig)
,Business Insider•January 15, 2020

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Last year, the union membership rate among wage workers stood at 10.5%, amounting to 16 million people, according to the Labor Department. It's a historic low and only half the rate in 1983, the first year that comparable data was available.

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Experts say the trend has accelerated widening inequality in the United States.

"As unions have declined, its been an important contributor to the rise of inequality and wage stagnation to those but the highest paid workers," said Heidi Shierholz, the policy director of the left-leaning Economic Policy Institute and former chief economist at the Labor Department during the Obama administration.

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