+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Here's how much more you'd make if you were in a union

Jun 12, 2015, 23:41 IST

The Century Foundation put out a report this week about how labor organized should be made easier by the web.

Advertisement

The reasoning was pretty simple: by making it easier to unionize, more people are likely to do it. It's a good idea.

But this assumes the key point that it's better to be a unionized worker.

Why should more people join unions?

The reasoning there is also pretty simple. In most industries, there's a significant pay premium for unionized workers. That premium ranges anywhere from 10%-50% of the average hourly wage.

Advertisement

That's a big deal over the course of a lifetime.

What does this mean, dollar-wise? Over a lifetime, a ton of money.

NOW WATCH: Two models in Russia just posed with a 1,400-pound bear

Please enable Javascript to watch this video
Next Article