Unionization

 

In the late 1950's, one in three American workers belonged to a union. Ever since, union membership has been on the decline, with just one in ten workers today part of a union. Lately, however, there has been a shift towards greater unionization, especially in the services sector.

 

In this episode of EconoFact Explains, we look at some factors behind this nascent shift – including the booming job market, and COVID-19; and highlight the broader effects of labor unions on wages, corporate profits, firm productivity, and labor demand.