There's a big wealth gap between union and nonunion workers, across education levels. Typically, unionized workers earn about 10%-20% more than their nonunion peers, but these wealth gaps are far wider, an indication that the benefits of union membership accrue to workers over time.
https://www.axios.com/2024/03/20/union-workers-wealth-comparison-pay-difference
Interesting
Until you realize you lose that money in Union dues and unions are inherently inflationary. Their demands are based on seniority over experience and results. In the end you - the consumer - pay more for worse products- see GM and Boeing Jet planes for examples.
Pass. You lose that money in Union dues and unions are inherently inflationary. Their demands are based on seniority over experience and results. In the end you - the consumer - pay more for worse products- see GM and Boeing Jet planes for examples.
Does it take into account higher cost if living in union dense states?
Also wouldn't increase cost of living decrease the value of higher pay?
The US historically had higher pay & better living standards while being far less unionized than other western countires.
History makes it pretty clear that thuggish organizations do not increase productivity.
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