The Union Wage Premium still exists (of course)

Posted: May 21, 2011 in Economic Development, Statistics
Tags: ,

The Union Wage Premium is the term for the phenomenon whereby union members earn measurably higher wages than non members in comparable jobs.

This confirms the intuitive expectation that workers with access to collective bargaining will repeatedly achieve higher wage rises and, over time, their rate of pay will march ahead of those who do not.

Within the last month reports in BusinessWeek and from the Australian Bureau of Statistics have shown the continued existence of the Union Wage Premium.

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