Teamsters local 570

Fresh Proof That Strong Unions Help Reduce Income Equality

Posted On: Jul 10, 2018

July 10, 2018 | ECONOMY | […] While the scholars can’t pinpoint the precise mechanism at work, they speculate that unions have indirectly increased pay at firms nervous that their own employees might organize. Unions have also lobbied for higher minimum wages and pushed to hold down executive salaries. They have also advocated for broader access to health care, countering a key channel through which income inequality can harm all of society. Income inequality began its steep rise in the 1970s. Economists have been arguing about the origins of this trend since, with the primary explanations falling into two camps… New York Times