from the Economic Policy Institute: "One hallmark of the first 30 years
after World War II was the “countervailing power” of labor unions (not just
at the bargaining table but in local, state, and national politics) and
their ability to raise wages and working standards for members and
non-members alike. There were stark limits to union power—which was
concentrated in some sectors of the economy and in some regions of the
country—but the basic logic of the postwar accord was clear: Into the early
1970s, both median compensation and labor productivity roughly doubled."
click here for the complete article, which includes very useful charts and
explanatory videos:
*http://www.epi.org/blog/union-decline-rising-inequality-charts/*
--
Eugene McElroy
Library Associate
School of Management and Labor Relations
SMLR Library
Rutgers University
50 Labor Center Way
New Brunswick, NJ 08901
(732) 932-9513
