SMART UnionUnion membership still pays…at least in terms of higher wages.
The typical union worker made $970 a week in 2014, compared to $763 for non-union workers, according to the latest Bureau of Labor Statistics data.
That 27 percent spread has remained relatively constant at least since 2000, when the agency started tracking the data.
Read the complete story at CNN Money.
The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.
In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.
Read the complete story at The New York Times.
WASHINGTON – U.S. workers face a dim future, with stagnant or falling pay and fewer openings for full-time jobs.
That’s the picture that emerges from a survey of Harvard Business School alumni.
More than 40 percent of the respondents foresee lower pay and benefits for workers. Roughly half favor outsourcing work over hiring staffers. A growing share prefer part-time employees. Nearly half would rather invest in new technology than hire or retain workers.
Read the complete story at the Associated Press.