Posts tagged Labor Day

    Support for labor unions has increased, but union membership is at an all-time low

    September 9, 2022 // Harvard Business School also keeps data on union membership in countries around the world, since the late 19th century. Since their data goes back even further than the BLS data, we can see that the all-time peak for union membership was in the mid-1960s, when it exceeded 30 percent. Like the BLS data, Harvard’s figures show the percentage of the workforce in a union has been steadily declining for decades, and has recently reached lows not seen since before World War II.

    The Americans Who Never Went Back to Work After the Pandemic

    September 6, 2022 // Padded by transfer payments, disposable income in America spiked in 2020 and 2021, reaching previously unattained heights despite the economic crisis. And after the initial steep but temporary plunge in consumer spending from the Covid shock, the stimulus-funded rebound pushed consumer demand well above its pre-Covid trend line. Americans actually had more money in their pockets during pandemic emergency years than they cared to spend—so their savings rates doubled. In 2020 and 2021, a windfall of more than $2.5 trillion in extra savings was bestowed by Washington on private households through borrowed public funds. That nest egg could supplement earnings—or substitute for them.

    Union drives are spiking, but it’s still a ‘drop in the bucket,’ annual report finds

    September 6, 2022 // New union drives are spiking, but the overall number of workers represented by unions hasn’t budged in New York City or nationwide, according to an annual report released by the CUNY School of Labor and Urban Studies ahead of Labor Day. New union elections surged nationwide during the second quarter of 2022, up to 685 drives, a 49% increase from the previous quarter, and nearly three times as many as the second quarter of 2020 — the depths of COVID-19 when union elections unsurprisingly came to a grinding halt. The number of recent drives, however, was on par with levels seen in 2016 and lower than many years before that. Ruth Milkman,

    Feds: Low unemployment, inflation, recession have economy at crossroads

    September 6, 2022 // “Further, many structural barriers existed before the pandemic, including weaker skills, lack of access to affordable, good-quality child care, transportation problems, incarceration, addiction and discrimination,” they wrote. “Individually and collectively, they reduce job matching efficiency.” While they note an economy is in recession when gross domestic product falls in two consecutive quarters, they also state the National Bureau of Economic Research’s definition of a recession relies on a variety of indicators. If we’re in a recession or entering one, economists can’t predict its effects on employment.

    No worker is a victim

    September 5, 2022 // Good workers should never ‘play the victim’ and blame their boss for not making enough money. Working for a company isn’t the priesthood -- you can leave. A worker is worth fair wages. An employer who takes advantage of willing, loyal, honest workers by not paying them what they are worth isn’t worthy of having eager, reliable, forthright employees.

    Despite the Media Hype, Unionization Is Down—and for Good Reason

    September 3, 2022 // Unionization did increase during the pandemic but fell as the pandemic waned. In 2021, 15.8 million workers were represented by a union, a decline of half a million since 2019.

    Labor Day Reflections: How Philanthropists Can Advance the Dignity of Work

    September 1, 2022 // The Roundtable works to ensure every American has the freedom to reach their full, unique potential and achieve economic security. We support organizations that eliminate barriers to upward mobility, expand opportunity and reward hard work and perseverance. These nonprofits work tirelessly to connect people with job opportunities – and help advance policies that will lead to a flourishing economy. Nevertheless, they are confronting some economic conditions that are largely outside of their control.