Why Labor Is A Foreign Policy Issue
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October 19, 2018 | TRADE | [...] Before getting into the meat of this new international labor treaty, consider why the underlying goal of helping labor makes sense domestically. A growing body of research shows that a decline in union power leads to economic inequality, weakened democracy, and political instability. The benefits of a union to workers is obvious, with research consistently showing a 20 percent wage premium for unionized employees over those that aren’t organized. But the benefits also accrue more broadly. Economists at the International Monetary Fund have concluded that a 10 percent drop in union density is associated with a 5 percent increase in the top 10 percent’s income shares… Vox
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