World News

22055 readers

133 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

104

Unions are the strongest in decades. Nearly a million Americans got double-digit raises as a result (www.cnn.com)

submitted 11 months ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank.

That’s how many unionized workers have won immediate pay hikes of 10% or more in just the last year, according to an analysis by CNN.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 11 months ago* (last edited 11 months ago) (1 children)

It is covering it, for workers on average. Your employer is stiffing you compared to the rest of the economy then if you didn't also get 20% of a raise compared to your salary in 2019.

Real wages in October 2019 (normalized to 1982-1984 dollars) were $10.95/hr on average in October 2019. In October 2023 (again normalized to 1982-1984 dollars) they were $11.05/hr (which is $34/hr in current dollars). So as we stand in October the inflation from 2019 to now has been fully compensated for in wages with a little bit of an increase in real dollars. Wages have been growing faster than inflation since January 2023. Hopefully that will continue as labor remains in high demand and unions continue to make gains. Union gains even help non unionized individuals in their industries whose employers also will have to give pay raises to remain competitive with union jobs.

Not saying even more couldn't be done to combat things like income inequality and poverty and many other issues, things weren't exactly perfect in 2019 either. Just frustrated by the current media narratives casting hyperbolic doom and gloom in the economy and the potential of that narrative to send trump back into the white house.

Sources: 2019 BLS report

2023 BLS report

Wage growth vs inflation 2020-2023

[–] [email protected] 4 points 11 months ago

I can’t find my job in my area for the amount of money it should be. So… those graphs aren’t reality here. 🤷‍♂️