Narrowing of The Union Wage Premium Gap
Although wages for workers in trade unions are higher than non-union workers, the gap decreased in the late 20th and early 21st Century. This gap decrease could be due to the diminishing ability for unions to get monopoly rents, hence the rents affected by technology, competition from overseas, and deregulation of different firms/workplaces.
Another study done by on union wage premiums attributes this narrowing of this gap to labor markets strengthening with time. Thus this strengthening depends on the actual and expected inflation of the union workers who are covered by their cost of living adjustments.
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