Unions have significant effect on the settlement and work life of both unionized and non-unionized employees.
This report presents present information on unions’ impact on wages, fringe benefits, total compensation, pay inequality, and workplace defenses.
A number of the conclusions are:
- Unions raise wages of unionized employees by roughly 20% and raise compensation, including both wages and advantages, by about 28%.
- Unions decrease wage inequality since they raise wages more for low- and middle-wage employees than for higher-wage employees, more for blue-collar compared to white-collar employees, and much more for employees that do not need a college education.
- 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 since big as the effect on total union wages.
- Probably the most sweeping benefit for unionized employees is in fringe benefits.Read More »Unions have significant effect on the settlement and work life of both unionized and non-unionized employees.