A union wage premium refers to the degree in which union wages exceed non-union member wages. Union wage premiums are one of the most researched and analyzed issues in economics especially in labor economics. Unions and their struggle for wages and better benefits usually target larger firms that have a concentrated industry. Unions have an effect on wages, the probability of gaining benefits, productivity of the worker, and workplace protections.
Read more about Union Wage Premium: Dynamics, Narrowing of The Union Wage Premium Gap, Impact of Union Wage Premiums, How To Estimate The Union Wage Premium, See Also
Famous quotes containing the words union, wage and/or premium:
“The rank and file have let their servants become their masters and dictators.... Provision should be made in all union constitutions for the recall of leaders. Big salaries should not be paid. Career hunters should be driven out, as well as leaders who use labor for political ends. These types are menaces to the advancement of labor.”
—Mother Jones (1830–1930)
“Superstition, bigotry and prejudice, ghosts though they are, cling tenaciously to life; they are shades armed with tooth and claw. They must be grappled with unceasingly, for it is a fateful part of human destiny that it is condemned to wage perpetual war against ghosts. A shade is not easily taken by the throat and destroyed.”
—Victor Hugo (1802–1885)
“In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, woman’s premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, “until death doth part.””
—Emma Goldman (1869–1940)