ARTICLE
There's a massive wealth gap between workers in unions and nonunionized workers across education levels, per a new analysis from the think tank Center for American Progress. Overall, those in unions had a median wealth of $338,482 compared to $199,948 for nonunion workers. According to news outlet Axios, unionized workers typically earn about 10%-20% more than their nonunion peers, but these wealth gaps are far wider, an indication that the benefits of union membership accrue to workers over time. Also: Aside from higher pay, union members have more job security. Members are also likely to have defined benefit retirement plans, i.e. pensions, and access to better health care — so are less apt to go into debt when they're sick. Click here to read more about the study from the Center for American Progress.
There's a massive wealth gap between workers in unions and nonunionized workers across education levels, per a new analysis from the think tank Center for American Progress. Overall, those in unions had a median wealth of $338,482 compared to $199,948 for nonunion workers.
According to news outlet Axios, unionized workers typically earn about 10%-20% more than their nonunion peers, but these wealth gaps are far wider, an indication that the benefits of union membership accrue to workers over time. Also:
Click here to read more about the study from the Center for American Progress.