Union membership worth $1.3 million over lifetime


A recently published academic paper found that workers who spent their whole careers as union members made $1.3 million more over a lifetime, even though they were more likely to retire earlier. Researchers looked at a statistical sample of men, and tracked their earnings from 1969 to 2019, as well as whether or not they were union members. According to the paper—published in Cornell University’s Industrial and Labor Relations Review—workers who were never in a union were projected to earn around $2.1 million their whole careers, while those who were in unions for their entire careers were estimated to make $3.4 million. The $1.3 million difference was greater than the difference between those who did and didn’t attend college.


Please enter your comment!
Please enter your name here

Read more