61 votes

Treasury Department releases first-of-its-kind report on benefits of unions to the US economy

12 comments

  1. Amun
    Link
    The report finds that unions play an important role in addressing longstanding challenges faced by the middle class – including stagnant wages, high housing costs, and reduced intergenerational...

    The report finds that unions play an important role in addressing longstanding challenges faced by the middle class – including stagnant wages, high housing costs, and reduced intergenerational mobility

    • Middle-class workers reap substantial benefits from unionization.

    • Unions raise the wages of their members by 10 to 15 percent.

    • Unions improve fringe benefits and workplace procedures such as retirement plans, workplace grievance policies, and predictable scheduling.

    • Unionisation has spillover effects that extend well beyond union workers.

    • Unions help create a fairer economy by benefiting all demographic groups

    • Unions contribute to economic growth and resilience

    • Unions can boost businesses’ productivity by improving working environments and by giving experienced workers more of an input into decisions that design better and more cost-effective workplace procedures.

    25 votes
  2. [4]
    Sodliddesu
    Link
    I wonder how the corporate media will spin this one. Performative cynicism or not, the number of people I know who would directly benefit from a Union but have been propagandized against it are...

    I wonder how the corporate media will spin this one. Performative cynicism or not, the number of people I know who would directly benefit from a Union but have been propagandized against it are too many to count.

    But, good to see the government releasing the numbers to back up their claims too.

    16 votes
    1. [3]
      imperator
      Link Parent
      The government has been over taken by socialists. Look at what happened to the Soviet Union. They want to bury this country. They will say this will stifle innovation. But a lot of that is stifled...

      The government has been over taken by socialists. Look at what happened to the Soviet Union. They want to bury this country.

      They will say this will stifle innovation. But a lot of that is stifled by excessive debt, and payouts to shareholders etc. I read an interesting article about the pharma industry and that only 30-40% of R&D is spent on new treatments. The rest is on expanding the patents of existing drugs by making adjustments.

      Reduction in payouts to shareholders by reinvesting earnings into new products, innovations and employees will drive further earnings growth which would in turn generate more return for shareholders. Right now too much is short sighted. The number one thing that ships be addressed is leveraged buybacks/dividends. We saw a significant amount of debt taken out only to be distributed to shareholders.

      8 votes
      1. [2]
        phoenixrises
        Link Parent
        it's too early in the morning for me because when I almost got mad at reading your first sentence lol. I wish the government would be taken over by some form of socialism. the most interesting...

        it's too early in the morning for me because when I almost got mad at reading your first sentence lol. I wish the government would be taken over by some form of socialism.

        the most interesting argument i've seen for capitalism is "people innovate because they're motivated by profits" but honestly what motivation does anyone have to innovate if they're constantly beholden to short sighted shareholders?

        13 votes
        1. imperator
          Link Parent
          Lol I had initially typed /s. But I thought it was obvious 🤪. I'm off the opinion that smaller companies that build themselves and are private have incentives that are much closer to you and I....

          Lol I had initially typed /s. But I thought it was obvious 🤪.

          I'm off the opinion that smaller companies that build themselves and are private have incentives that are much closer to you and I. Whereas there is too much distance with these massive corporations. I think a combo of some socialism and capitalism is a good mix.

          4 votes
  3. skybrian
    Link
    I don't expect many people to read this or it to change people's minds, but union members will like it and maybe think more favorably of the "Biden-Harris administration" and Harris in particular?

    The report represents one of the over 70 actions implemented by the White House Task Force on Worker Organizing and Empowerment, chaired by Vice President Harris.

    I don't expect many people to read this or it to change people's minds, but union members will like it and maybe think more favorably of the "Biden-Harris administration" and Harris in particular?

    4 votes
  4. Akir
    Link
    I think this has been a pretty good year for unions, all things considered. The Starbucks worker union is growing, two major unions are striking, and two more are likely to strike in the near...

    I think this has been a pretty good year for unions, all things considered. The Starbucks worker union is growing, two major unions are striking, and two more are likely to strike in the near future. UPS drivers nearly struck but UPS caved before it happened.

    Though I suppose you could also read this as being a terrible year for labor in general.

    2 votes
  5. [4]
    frammis17
    Link
    This report is just in time to influence the 2024 election. Shame on whoever did this.

    This report is just in time to influence the 2024 election.

    Shame on whoever did this.

    1. ix-ix
      Link Parent
      Can you explain? Why is it bad to influence an election with facts and statistics (as long as they are true)?

      Can you explain? Why is it bad to influence an election with facts and statistics (as long as they are true)?

      24 votes
    2. Caliwyrm
      Link Parent
      This isn't a last minute Sharpie edit. This report alone has 122 citations in 28 pages of material. That seems far removed from a "trust me, bro" or conspiracy theory that can't or won't back up...

      This isn't a last minute Sharpie edit. This report alone has 122 citations in 28 pages of material. That seems far removed from a "trust me, bro" or conspiracy theory that can't or won't back up its claims.

      If the population wants to be influenced by provable (or disprovable) facts why would that be a bad thing? Is there a period before or after an upcoming election where factual reports should be held back so it doesn't offend delicate people?

      13 votes
  6. frammis17
    Link
    I don't know whether the report offended delicate people and I don't care. My take on the report is the tildes title: "Treasury Department releases first-of-its-kind report on benefits of unions...

    I don't know whether the report offended delicate people and I don't care. My take on the report is the tildes title: "Treasury Department releases first-of-its-kind report on benefits of unions to the US economy." I see the "first-of-its-kind report" as one more of many attempts of the party in power to influence the 2024 election by painting the "benefits of unions" as such wonderful news that you should reelect the party currently in power. The function of the federal government IS NOT to influence elections!

    This is terrible policy and a horrendous waste of my taxes.