http://rt.com/usa/236383-wealth-increases-unionization-declines/
A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase.
A rising concentration of income at the top of the distribution can reduce a population’s welfare if it allows top earners to manipulate the economic political system in their favor,” they wrote, referring to things such as lower taxes and business subsidies.
decline in unionization is strongly associated with the rise of income shares at the top...about half the increase...in net income is driven by deunionization,”
A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase.
A rising concentration of income at the top of the distribution can reduce a population’s welfare if it allows top earners to manipulate the economic political system in their favor,” they wrote, referring to things such as lower taxes and business subsidies.
decline in unionization is strongly associated with the rise of income shares at the top...about half the increase...in net income is driven by deunionization,”