The good news for unions and their members is that union workers earn about 20% more than nonunion workers, even after adjusting for factors such as years of work experience and education level. What is the bad news?
a. In the 1930s, union members earned 37% more than nonunion members, after adjusting for inflation.
b. Most unionized companies were driven out of business, leaving only about 5% of U.S. workers in unions.
c. The percentage of U.S. workers who belong to labor unions has declined steadily for 50 years.
d. As union membership rises, the wage gap will shrink.
c. The percentage of U.S. workers who belong to labor unions has declined steadily for 50 years.
The bad news for unions is that the share of U.S. workers who belong to a labor union has been steadily declining for 50 years. About one-quarter of all U.S. workers belonged to a union in the years of the mid-1950s, but only 11.1% of U.S. workers are union members today.
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