Rich get richer from fewer labor unions, study says

Byrt

Rich get richer from fewer labor unions study says

Unions = power and influence for those involved in economic activities and social services etc.

Removing them is simply a way of being able to treat others unfairly and gain assets / control you would not normally have.

United the masses are strong and self sufficient, divided they are easily controllable, this getting rid of unions is simply part of the overall global strategy to control the worlds population.

That and dumping them down as much as possible, if the sheep stop conforming and start asking questions, not only will they no longer be sheep, but the global elites will be in trouble and so will their minions!

A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase.

More specifically, the study’s authors found that when researching income levels during the period of 1980-2010, the decline in unionization explained about half of the rise in incomes for the richest 10 percent, and half of the increase in the Gini coefficient (a measure of income inequality).

“While some inequality can increase efficiency by strengthening incentives to work and invest, recent research suggests that higher inequality is associated with lower and less sustainable growth in the medium run, even in advanced economies,” argued the paper’s authors, Florence Jaumotte and Carolina Osorio Buitron.

Rich-get-richer-from-fewer-labor-unions
image from www.imf.org

The authors said traditional research has argued that the rise of inequality in advanced economies can be attributed to skill-based technology changes – such as new technology displacing workers – and globalization. They found that these developments led to some inequality changes at different rates and magnitudes, but not enough to account for the consistent increase in inequality that was being measured.

Researchers looked for answers in recent studies that made the claim that financial deregulation and lower taxes were another factor – but again, that wasn’t showing the steady increases that researchers were charting.

See also: Study – The Richest 1% Will Own Half World’s Wealth by 2016

“…A rising concentration of income at the top of the distribution can reduce a population’s welfare if it allows top earners to manipulate the economic political system in their favor,” they wrote, referring to things such as lower taxes and business subsidies.

They then considered what effect the decline in unionization and a flat-lining minimum wage could have on wealth disparity. Previous research said such things were unlikely to have a direct impact, but that is not what Jaumotte and Buitron found. They took samples of advanced economies between 1980 and 2010 and considered gross income, labor market institutions and controls for globalization, financial liberalization, and common global trends.

“Our results confirm that the decline in unionization is strongly associated with the rise of income shares at the top…about half the increase…in net income is driven by deunionization,” said Jaumotte and Buitron.

Rich-get-richer-from-fewer-labor-unions-study
image from www.imf.org

Economists argue that stronger unions and higher minimum wages increase unemployment, but there isn’t strong evidence to support the claim. The Organization for Economic Co-operation and Development only found three studies out of 17 that showed an association between unions and unemployment.

What it did find was that union rules lead to equal pay for workers, and that unionization didn’t maintain wages above “market-clearing” levels and cause unemployment. And unions, by mobilizing workers, encourage policymakers to engage in income redistribution and support for social and labor rights.

In the US, there were 14.5 million union members in 2013, or 11.3 percent of the working population, compared with 17.7 million in 1983. Union members in the private sector have fallen under seven percent, levels not seen since 1932. Internationally, Germany has 18.4 percent of its population in unions, Canada 27.5 percent, and Finland 70 percent.

Sourcert

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Racial wounds rip open under a president with a history of exploiting them

President Donald Trump has spent much of his adult life building his brand around racial divisions.

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Putin has Banned Rothschild and His New World Order Banking Cartel Family from Entering Russian Territory

As of recently, Russian president Vladimir Putin took yet another decision for his country. "Under any circumstances", the Rothschild family is banned from entering Russian territory. Along...

Alien Base for Giants Discovered in the Bucegi Mountains

In the summer of 2003, in an unexplored area of the Bucegi Mountains, a team from Zero Department (a top secret section of the...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Lawsuit Accuses Monsanto of Lying About Safety of Roundup

A class action suit against the Monsanto corporation was filed in Los Angeles this week in the Superior Court of California, Los Angeles County....

Good News! Britain Announces Plan To Ban Antique Ivory Trade

Positive news! Last Friday, Environment Secretary Michael Gove announced an end to the trade in ivory of all ages. The BBC reports that previous attempts would have...

‘His worst nightmare’: Sanders threatens Trump over minorities

Senator Bernie Sanders says his camp will become President-Elect Trump’s worst nightmare if he goes after minorities in America. The former Democratic presidential hopeful says...

Big Pharma Losing Grip as Study Shows Nearly 100% Cannabis Users Give Up Rx Pain Meds

A landmark study helps explain why Big Pharma is so afraid of the medical benefits of cannabis. The pharmaceutical and alcohol industries, both powerful influences in...

800 Families File Lawsuit Against Saudi Arabia over 9/11

Eight-hundred families of 9/11 victims and 1,500 first responders, along with others who suffered as a result of the attacks, have filed a lawsuit...

‘Billions’ of stars in Milky Way have planets that could contain liquid water and life

Most stars in the galaxy have planets in the habitable zone, according to new research The Milky Way galaxy may be home to billions of...

Avocado Health Benefits: The World’s Most Perfect Food?

Did you know that the avocado has been called the world’s most perfect food and has many health benefits? It has achieved this distinction because...