Union Membership

Thirty Years Of Falling Union Membership

Falling union membership could be one of the factors causing profits to grow so much faster than wages across the West, according to a new study from Natixis economist Patrick Artus.

“In most OECD countries (the exceptions being France and Italy), the trend has been for a distortion of income in favour of profits,” writes Artus. “In some cases this distortion is such that household demand is reduced without being offset by a rise in business investment.”

He proposes three possible reasons for . . .

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