This report presents present information on unions’ effect on wages, fringe advantages, total compensation, spend inequality, and workplace defenses.
A few of the conclusions are:
- Unions raise wages of unionized employees by approximately 20% and raise compensation, including both wages and advantages, by about 28%.
- Unions reduce wage inequality since they raise wages more for low- and workers that are middle-wage for higher-wage employees, more for blue-collar compared to white-collar employees, and much more for employees that do n’t have a degree.
- Strong unions set a pay standard that nonunion employers follow. For instance, a twelfth grade graduate|school that is high whoever workplace just isn’t unionized but whose industry is 25% unionized is compensated 5% more than comparable workers in less unionized companies.
- The effect of unions on total nonunion wages is virtually because large as the impact on total union wages.
- Probably the most sweeping benefit for unionized employees is within fringe advantages. Continue reading