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Union households tend to have $100k more in wealth than nonunion families

businessinsider.com

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Re: Union households tend to have $100k more in wealth than nonunion families

#31

Post by silverquiet »

constantcrying wrote: post #26
bwestergard wrote: post #25

Earlier quoted context omitted.

At some point, higher individual compensation doesn't matter much if everyone else in your community is overworked and underpaid. I think many Dutch or French software developers are living better lives than developers in California, all things considered.

>At some point, higher individual compensation doesn't matter much if everyone else in your community is overworked and underpaid. I think that totally depends on the individual and their circumstances. >I think many Dutch or French software developers are living better lives than developers in California, all things considered. European developers generally earn much less than Americans, especially after taxes you c…

Developers the world over earn much less than Americans. It's why I've always told American developers to be careful what they wish for when it comes to remote work.

But it might just be possible that there's more to life than money.

Re: Union households tend to have $100k more in wealth than nonunion families

#32

Post by bluefirebrand »

constantcrying wrote: post #23
jollofricepeas wrote: post #5

This is basic economics. The rise of income and wealth inequality is directly tied to the weakening of collective bargaining, corporate consolidation and globalization. Source: https://home.treasury.gov/news/featured-stories/labor-unions... . Unionized workers are the only real backstop against corporate interests.

>Unionized workers are the only real backstop against corporate interests. This is only true if you yourself do not possess greater bargaining power by having certain rare skills, that are in demand. Which is why the report shows that higher educated people benefit far less.

Someone would have to be incredibly full of themselves to think they have more bargaining power than an entire union would.

Unless you are literally one of a kind, there's always someone out there who could replace you. Replacing all of the workers that an entire union represents is a way more difficult proposition

Re: Union households tend to have $100k more in wealth than nonunion families

#33

Post by endisneigh »

This is a poorly done study. Doesn’t even control for profession.

Take union electricians vs. fast food workers. Union electricians will make much more, like the article it saying. So what? What’s the conclusion here as it relates to unions?

Re: Union households tend to have $100k more in wealth than nonunion families

#34

Post by willcipriano »

bwestergard wrote: post #25
constantcrying wrote: post #23

Earlier quoted context omitted.

>Unionized workers are the only real backstop against corporate interests. This is only true if you yourself do not possess greater bargaining power by having certain rare skills, that are in demand. Which is why the report shows that higher educated people benefit far less.

At some point, higher individual compensation doesn't matter much if everyone else in your community is overworked and underpaid. I think many Dutch or French software developers are living better lives than developers in California, all things considered.

All individual compensation is a delta over what a low skill worker would get.

Pay fast food workers 80k a year and software engineers would start at 300k.

Re: Union households tend to have $100k more in wealth than nonunion families

#35

Post by constantcrying »

willcipriano wrote: post #34
bwestergard wrote: post #25

Earlier quoted context omitted.

At some point, higher individual compensation doesn't matter much if everyone else in your community is overworked and underpaid. I think many Dutch or French software developers are living better lives than developers in California, all things considered.

All individual compensation is a delta over what a low skill worker would get. Pay fast food workers 80k a year and software engineers would start at 300k.

Also known as inflation.

Re: Union households tend to have $100k more in wealth than nonunion families

#36

Post by willcipriano »

constantcrying wrote: post #35
willcipriano wrote: post #34

Earlier quoted context omitted.

All individual compensation is a delta over what a low skill worker would get. Pay fast food workers 80k a year and software engineers would start at 300k.

Also known as inflation.

No. Independent from that.

Jobs that require more skill or jobs that are more difficult have to offer more to get people to work for them. Raise the bar at the bottom and all wages will go up, otherwise workers will "demote" themselves. This is a distinct effect from prices raising and workers asking higher wages to counteract inflation (if they could do that why aren't they?).

Re: Union households tend to have $100k more in wealth than nonunion families

#37

Post by constantcrying »

bluefirebrand wrote: post #32
constantcrying wrote: post #23

Earlier quoted context omitted.

>Unionized workers are the only real backstop against corporate interests. This is only true if you yourself do not possess greater bargaining power by having certain rare skills, that are in demand. Which is why the report shows that higher educated people benefit far less.

Someone would have to be incredibly full of themselves to think they have more bargaining power than an entire union would. Unless you are literally one of a kind, there's always someone out there who could replace you. Replacing all of the workers that an entire union represents is a way more difficult proposition

The overall bargaining power is greater, sure. But the relative power isn't. They can always just leave and work somewhere else, a union literally does not have that option.

As an individual it is far easier to negotiate of you have an in demand skill. Which is obvious if you look at the study in the OP. College educated people benefit far less from unionization, they can negotiate for their own.

Re: Union households tend to have $100k more in wealth than nonunion families

#39

Post by 3seashells »

jollofricepeas wrote: post #5

This is basic economics. The rise of income and wealth inequality is directly tied to the weakening of collective bargaining, corporate consolidation and globalization. Source: https://home.treasury.gov/news/featured-stories/labor-unions... . Unionized workers are the only real backstop against corporate interests.

[dead]

Re: Union households tend to have $100k more in wealth than nonunion families

#40

Post by Rinzler89 »

silverquiet wrote: post #31
constantcrying wrote: post #26

Earlier quoted context omitted.

>At some point, higher individual compensation doesn't matter much if everyone else in your community is overworked and underpaid. I think that totally depends on the individual and their circumstances. >I think many Dutch or French software developers are living better lives than developers in California, all things considered. European developers generally earn much less than Americans, especially after taxes you c…

Developers the world over earn much less than Americans. It's why I've always told American developers to be careful what they wish for when it comes to remote work. But it might just be possible that there's more to life than money.

>But it might just be possible that there's more to life than money.

There is yes, but a house is still paid in money.

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