Not really. Top union bosses in the US make a lot, average of $700k for the 11 top unions.
William Trent $1,132,607
Donald Moak $825,539
Jay Roth $824,475
Ed Power $697,714
Gary Voice $680,721
Terence O’Sullivan $670,403
Newton Jones $639,034
David P. White $586,079
John Niccollai $579,828
Peter Hasho $574,501
Robert Scardelletti $564,194
Rhonda Weingarten $557,875
Top 10 CEOs make 100 x that amount average of almost $70 million.
Meaning a CEO makes twice as much in a week as a union boss makes in an entire year.
J. Michael Pearson $143,077,442
Joe Kiani $119,222,614
Lyndon R. Rive $77,318,016
Mario J. Gabelli $75,018,176
Mark D. Mclaughlin $66,606,716
Leslie Moonves $56,773,822
Philippe P. Dauman $54,154,312
Charif Souki $54,041,015
Oracle Corporation $53,245,128
Leonard S. Schleifer $47,462,526
Robert A. Iger $44,913,614
And more to the point, CEOs of nonunion companies make far more than CEOs of unionized companies.
Before wishing Unions away, I suggest you consider what appears to be a
strong correlation between union membership and a prosperous middle-class.
And a strong inverse correlation between union membership rates and the prosperity of the top 10%.
I've looked at that over the years Phil. The problem I have with the chart and the numbers is that while collective bargaining have raised the pay, they have also put companies out of business. (Remember Twinkies a few years back) The higher pay is also one of many arguments for companies to go overseas.
I'm all for a fair wage for a fair days work but it has to be realistic. (We ALL want more money)
In a November 23, 2008, New York Times editorial, Andrew Ross Sorkin claimed that the average UAW worker was paid $70 per hour, including health and pension costs, while Toyota workers in the US receive $10 to $20 less. (Wondering why a car in 1968 cost $2,000 and the same car now is $37,000? Camaro)
If I can make $70 an hour as a union auto worker without a degree, why did I go to college? Do you really think that is a reasonable salary?
Thanks for the response.
Many American companies have moved overseas to cut their labor costs. They may have stayed if American workers were willing to work for lower wages. Unions might have hastened the exodus, but I believe it would have happened anyway.
I think $70/hr as an unskilled worker is not a reasonable salary. I know a school administrator who worked overtime her last few years so that she now receives a 6-figure pension. Overpaid union members are unpopular, no doubt. Many receive benefits (pensions, better health care, etc) than I, yet they are protected from the from the forces of the free market, where I am not.
These are real and compelling issues to me too, but I prefer them over the alternative. I think the more the American workforce has to complete with overseas labor, the more we all lose.
Unions are good, and the Union leadership should be paid well. They do a good job in fighting for good benefits for the workers, good pay as well. My husband was union for many years and today, we have great health benefits, he always made good wages, and was always treated fairly.
To me, unions are no more than legalized extortion. While unions may have had a place in the past, that time has long passed.
Lol...those are the same people that held a "Buy Anerican" campaign here and then ran right on down to Wally World to spend their check on goods manufactured overseas every payday...then wondered where the hell their jobs went.
Don't know... might be some room:
Yeah, lack of unions is certainly helping so much.
So explain it to me. The way I see it is that you work a minimum wage job, until a union moves in on your business. You then make a dollar more an hour, yet pay union dues. What am I missing here?
You're missing the full scope of what unions are. You're also missing that they were responsible for ending child labor here, weekends, holidays, vacation time, fair living wages... The attacks against and decline of unions are destroying things.
Because they are in a higher position and have been at the job longer.
Not longer in many cases. Though definitely more qualified.