Union Membership Decline Boosts Corporate Profit At Workers’ Expense, Study Says
Posted in: Today's ChiliCorporate profit has been soaring for years at workers’ expense and a decline in union membership is to blame — not a rise in technology, a new study found.
The jump in corporate profit over the past few decades can be explained largely by a decline in union membership over the same period, according to a study by Tali Kristal, a sociologist at the University of Haifa in Israel. The boost in companies’ bottom line comes at workers’ expense, Kristal wrote in an email to The Huffington Post.
“It’s a zero sum game: whatever is not going to workers, goes to corporations,” Kristal said. “Union decline not only increased wage gaps among workers, but also enabled capitalists to grab a larger slice of the national income pie at the expense of all workers, including the highly skilled.”
