The Impact of the Decline of Unions in Labor Markets

The Impact of the Decline of Unions in Labor Markets
Student’s Name
Institution
The Impact of the Decline of Unions in Labor Markets
Introduction
Labor unions play a key role in protecting the welfare of employees.
There has been a decline of unions in the US
Given their role in protecting the interests of employees, there is a need to empower unions.
The Middle-Class is hurt by the decline
The decline of labor unions hurts the middle-class members of the society.
The incomes of the middle-class members of the society decrease with the decline of labor unions (Collins, 2015).
Increase in Inequality
As the membership and power of unions decline, inequality increases.
In periods when labor unions were strong, prosperity was shared relatively equally.
With a decline of the power of unions, comes widening gap between the poor and the rich (EPI, 2012).
Poor Working Conditions
The decline in labor unions has resulted in poor working conditions for employees (Rosenfeld, 2014).
Non-unionized Workers are also hurt
The wages for non-union workers have also been eroded (Mishel, 2016).
Conclusion
There is a need for labor unions to be strengthened to protect the welfare of employees both in the private and the public sector.
References
BIBLIOGRAPHY \l 1033 Collins, M. (2015, March 19). The Decline Of Unions Is A Middle Class Problem. Retrieved October 24, 2017, from Forbes: /sites/mikecollins/2015/03/19/the-decline-of-unions-is-...