Union workers ‘are catching up’ on pay as labor organizing surges
Publishing timestamp: 2023-10-31 11:57:39
Summary
The article discusses the compensation growth for union workers in the U.S. compared to nonunion workers. While wage growth for union workers has been slower, there has been a recent increase due to significant labor action. However, many unionized workers have not negotiated new contracts since the pandemic began. The article also mentions recent labor deals between unions and companies like Ford and Stellantis that could result in significant wage increases. Overall, the article suggests that it is a prudent time for unionized workers to organize as they enter new contracting periods.
Sentiment: MIXED
Tickers: GM, F, STLAM-IT, STLA,
Keywords: careers, jobs, wages and salaries, labor unions, united auto workers, stellantis nv, economy, labor economy, personal finance, business news, ford motor co, personnel, general motors co,
Source: https://www.cnbc.com/2023/10/31/union-workers-are-catching-up-on-pay-as-labor-organizing-surges.html