Posts tagged Social Capital
You may have heard of the ‘union boom.’ The numbers tell a different story
March 2, 2023 // Headline writers began declaring things like, "Employees everywhere are organizing" and that the United States was seeing a "union boom." In September, the White House asserted "Organized labor appears to be having a moment." However, the Bureau of Labor Statistics recently released its union data for 2022. And their data shows that — far from a resurgence — the share of American workers in a union has continued to decline. Last year, the union membership rate fell by 0.2 percentage points to 10.1% — the lowest on record. This was the second year in a row that the union rate fell. Only one in ten American workers is now in a union, down from nearly one in three workers during the heyday of unions back in the 1950s.