Union decline concentrates income at the top

Evidence

These results are consistent with Piketty and Saez’s ð2006Þ intuition that a labor union might hinder the increase of officers’ share of income, and the decline in union density led to a concentration of income at the top of the distribution. — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 137

Categorization

• XREF: Aligns with Piketty and Saez (2006) and the broader top-income concentration literature the reader is tracking in financialization research. — connects to: US unionization dropped from 28 percent of workers to 11 percent since 1955 — Alice E. Marwick, Status Update: Celebrity, Publicity,…, 35; Union decline raises officers’ relative compensation — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 136; Union density raises both low-level wages and top executive compensation — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 139 (+2 more)

Related

• Union decline raises officers’ relative compensation (similarity 0.92)
• Union density raises both low-level wages and top executive compensation (similarity 0.90)
• Unionization decreases income inequality by disciplining employer power (similarity 0.86)
• Industrial concentration raises top officers’ share of compensation while employment size lowers it (similarity 0.82)
• US unionization dropped from 28 percent of workers to 11 percent since 1955 (similarity 0.81)
• Deunionization still leaves much wage inequality unexplained, pointing to financialization (similarity 0.81)
• Financialization drives earnings inequality nearly as much as declining unionization (similarity 0.80)

Broader Connections

• Union density raises both low-level wages and top executive compensation #complicates (0.85) — Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Income…, 139
• American union monopoly raised wages over five percent yearly after policy shifts. #corroborates (0.75) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 975
• Union membership shows long-run decline despite renewed organizing efforts #qualifies (0.72) — Anton Jäger, Hyperpolitics, 101