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Rich get richer from fewer labor unions, study says
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<blockquote data-quote="rickyb" data-source="post: 1538964" data-attributes="member: 56035"><p><a href="http://rt.com/usa/236383-wealth-increases-unionization-declines/" target="_blank">http://rt.com/usa/236383-wealth-increases-unionization-declines/</a></p><p></p><p>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.</p><p></p><p><em>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,”</em> they wrote, referring to things such as lower taxes and business subsidies.</p><p></p><p><em>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,”</em></p></blockquote><p></p>
[QUOTE="rickyb, post: 1538964, member: 56035"] [URL]http://rt.com/usa/236383-wealth-increases-unionization-declines/[/URL] 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. [I]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,”[/I] they wrote, referring to things such as lower taxes and business subsidies. [I]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,”[/I] [/QUOTE]
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Rich get richer from fewer labor unions, study says
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