Surge in Union Militancy Driven by Wage Disparities and Labor Market Changes
Analyzed 1 source • 0m ago- Labor union militancy has surged, evidenced by the Boeing strike and increased strikes in 2023.
- Job openings rose from seven million to twelve million, while unemployment dropped significantly since 2021.
- Unionized companies cannot raise wages without consent, limiting their response to labor market changes.
- Union leadership may resist wage increases mid-contract due to potential company concessions.
- Unionization slows wage changes in a rapidly changing economy, benefiting non-unionized competitors.
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