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Pro Athletes Earn Their Jobs Every Year. Would You Still Have Yours?
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<blockquote data-quote="Mugarolla" data-source="post: 1676467" data-attributes="member: 8481"><p>From The Economic Policy Instutute.</p><p></p><p>"<strong>Unions have a substantial impact on the compensation and work lives of both unionized and non-unionized workers</strong>. This report presents current data on unions’ effect on wages, fringe benefits, total compensation, pay inequality, and workplace protections.</p><p></p><p>Some of the conclusions are:</p><p></p><p>Unions raise wages of unionized workers by roughly 20% and raise compensation, including both wages and benefits, by about 28%.</p><p></p><p>Unions reduce wage inequality because they raise wages more for low- and middle-wage workers than for higher-wage workers, more for blue-collar than for white-collar workers, and more for workers who do not have a college degree.</p><p></p><p><strong>Strong unions set a pay standard that nonunion employers follow</strong>. For example, a high school graduate whose workplace is not unionized but whose industry is 25% unionized is paid 5% more than similar workers in less unionized industries.</p><p></p><p><strong>The impact of unions on total nonunion wages is almost as large as the impact on total union wages</strong>.</p><p></p><p>The most sweeping advantage for unionized workers is in fringe benefits. Unionized workers are more likely than their nonunionized counterparts to receive paid leave, are approximately 18% to 28% more likely to have employer-provided health insurance, and are 23% to 54% more likely to be in employer-provided pension plans.</p><p></p><p>Unionized workers receive more generous health benefits than nonunionized workers. They also pay 18% lower health care deductibles and a smaller share of the costs for family coverage. In retirement, unionized workers are 24% more likely to be covered by health insurance paid for by their employer.</p><p></p><p>Unionized workers receive better pension plans. Not only are they more likely to have a guaranteed benefit in retirement, their employers contribute 28% more toward pensions.</p><p></p><p>Unionized workers receive 26% more vacation time and 14% more total paid leave (vacations and holidays)."</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1676467, member: 8481"] From The Economic Policy Instutute. "[B]Unions have a substantial impact on the compensation and work lives of both unionized and non-unionized workers[/B]. This report presents current data on unions’ effect on wages, fringe benefits, total compensation, pay inequality, and workplace protections. Some of the conclusions are: Unions raise wages of unionized workers by roughly 20% and raise compensation, including both wages and benefits, by about 28%. Unions reduce wage inequality because they raise wages more for low- and middle-wage workers than for higher-wage workers, more for blue-collar than for white-collar workers, and more for workers who do not have a college degree. [B]Strong unions set a pay standard that nonunion employers follow[/B]. For example, a high school graduate whose workplace is not unionized but whose industry is 25% unionized is paid 5% more than similar workers in less unionized industries. [B]The impact of unions on total nonunion wages is almost as large as the impact on total union wages[/B]. The most sweeping advantage for unionized workers is in fringe benefits. Unionized workers are more likely than their nonunionized counterparts to receive paid leave, are approximately 18% to 28% more likely to have employer-provided health insurance, and are 23% to 54% more likely to be in employer-provided pension plans. Unionized workers receive more generous health benefits than nonunionized workers. They also pay 18% lower health care deductibles and a smaller share of the costs for family coverage. In retirement, unionized workers are 24% more likely to be covered by health insurance paid for by their employer. Unionized workers receive better pension plans. Not only are they more likely to have a guaranteed benefit in retirement, their employers contribute 28% more toward pensions. Unionized workers receive 26% more vacation time and 14% more total paid leave (vacations and holidays)." [/QUOTE]
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