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The United Auto Workers union on Friday rejected wage and benefit offers from all three Detroit automakers, raising tensions just six days before a strike deadline for 146,000 employees. Union ...
General Motors' first wage-and-benefit offer to the United Auto Workers on Thursday fell far short of the union's initial demands. The offer comes just a week before the UAW's national contracts ...
In recent years, the gap between the highest and lowest income brackets has become an area of growing concern for economists and policymakers, not to mention the low-wage workers who have been ...
Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]
As wage compression increases, the gap between low and high income earners minimises, this also means that the pay gap between employees of different skill, education and experience level minimises, which can very quickly result what is known as income inequality. [16] Income inequality is a major factor in wage compression and could be seen as ...
During the 1970s and 80s the scholarly community debated the link between geographical location and wage inequality. Following urban-dominated studies and shifting research based on evolved conceptual and study-driven thinking, sociologists determined that the racial composition of a local population affects racial wage inequality.
The Great Compression refers to the period of substantial wage compression in the United States that began in the early 1940s. During that time, economic inequality as shown by wealth distribution and income distribution between the rich and poor became much smaller than it had been in preceding time periods.
Wages for the richest 1% in the U.S. have soared 160% while the share of wages for the bottom 90% has shrunk, according to new data from EPI.