According to a recent report by Bloomberg, unionized workers in the United States have experienced record-breaking wage increases over the past 12 months, while non-union workers have seen their pay rise at a rate barely keeping up with inflation.
The data reveals that the wages of private sector union workers rose by a substantial 6.3% in the year ending in March 2023, marking the largest increase observed in the available data dating back to 2001.
This stark contrast highlights the significant advantages that unionization can provide for workers in terms of their ability to negotiate better compensation and benefits, compared to their non-unionized counterparts who have struggled to keep pace with the rising cost of living.
The findings underscore the ongoing importance of labor unions in advocating for the rights and economic well-being of American workers, particularly in the face of persistent inflationary pressures and the widening gap between productivity and wage growth.
