March 29, 2015

Want a raise? Join a union

Union 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 [...]

Middle class shrinks further as more fall out

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 [...]

Survey of company execs: U.S. pay likely to stagnate

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 [...]

The danger of a ‘no’ vote on the agreement

Brothers and Sisters: In a few weeks, the tentative national rail agreement with the major carriers on wages, rules and working conditions will be distributed to affected members for a ratification vote. The negotiating committee recommends a “yes” vote, and on March 25 — before the mailing of the agreement — general chairpersons representing members [...]