A lady holds a “Union” indication as members of the Writers Guild of America and the Screen Actors Guild stroll a picket line exterior Paramount Studios in Los Angeles, July 14, 2023.
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WASHINGTON– Unions increase pay 10% to 15% for members and enhance additional benefit, reinforcing the middle class and economy, a U.S. Department of the Treasury report launched Monday stated.
“Union workers make our middle class and our entire economy more strong,” Vice President Kamala Harris stated Monday on a call describing the administration’s efforts to support unions.
“President Biden and I are building an economy where every person, not just the wealthy, (is) well-connected, has the opportunity to thrive,” she included.
The report, released by the Treasury’s Office of Economic Policy, likewise revealed that unionization lowers wage spaces by race and gender and enhances advantages and treatments such as retirement strategies, complaint policies and stable work schedules.
This year has actually seen numerous prominent labor companies promote much better pay and working conditions as inflation has actually hammered the middle class.
Since the Federal Reserve started treking rates of interest to fight inflation in March 2022, the middle class has actually lost more than $2 trillion in wealth, according to Bloomberg, mentioning information from the University of California, Berkeley.
UPS employees accepted a landmark cumulative bargaining offer this month and the Writers Guild of America strike has actually gone beyond 100 days. The United Auto Workers and its almost 150,000 employees are dealing with aSept 14 due date for agreement negations. A strike from the UAW would be a significant blow to American carmakers.
“During this summer of worker strikes and organizing, we’re seeing unprecedented public support for unions as a critical pathway to grow the middle class and provide opportunities for working people to thrive,” Liz Shuler, president of the AFL-CIO, informed CNBC.
