Test your knowledge of the U.S. manufacturing industry.
CFO Staff, CFO Magazine
November 1, 2010
On its own, this is a meaningless number. It also implies that the benefits of union membership are minimal. However, as Jim says, there are other things of value employees receive besides a paycheck. How does union membership affect benefits? Hours? Working conditions? And, do certain industries have higher or lower union membership? Is this an apples to apples comparison? I'm not a union member, but this single number taken out of context isn't very illuminating.
Posted by Marcelle Green | December 02, 2010 10:49 am
"Statistics never lie and only liars use statistics" Looking at question #8, it shows a minimal disparity between union and non-union wages. What this doesn't tell us is what makes up this number. For example, does it include the entire cost of support, including pension costs, health care costs, training, other benefits, etc. I would bet that there is a larger disparity in wages when everything is added up.
Posted by Jim Zapapas | November 30, 2010 02:37 pm© CFO Publishing Corporation 2009. All rights reserved.