Unions Benefit All Workers, Not Just Members, Groundbreaking Treasury Study Finds
Portfolio Pulse from Aaron Bry
The U.S. Department of Treasury released a report outlining the economic benefits of unions, stating that they lead to higher wages and better working conditions, benefiting not just union members but also nonunionized companies. The report comes amidst a reinvigorated labor movement across various industries, including United Parcel Service, Inc (UPS), Starbucks Corp (SBUX), United Airlines Holdings Inc (UAL), and Stellantis NV (STLA), which have all dealt with potential strikes and union labor negotiations.
August 29, 2023 | 5:12 pm
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NEGATIVE IMPACT
Starbucks has dealt with potential strikes and union labor negotiations this year. The renewed focus on unions could lead to increased labor costs.
The report from the Treasury Department could encourage more union activity, potentially leading to increased labor costs for Starbucks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Stellantis has dealt with potential strikes and union labor negotiations this year. The renewed focus on unions could lead to increased labor costs.
The report from the Treasury Department could encourage more union activity, potentially leading to increased labor costs for Stellantis.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
United Airlines has dealt with potential strikes and union labor negotiations this year. The renewed focus on unions could lead to increased labor costs.
The report from the Treasury Department could encourage more union activity, potentially leading to increased labor costs for United Airlines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
UPS recently averted a major strike threat with a new five-year deal. The renewed focus on unions could lead to increased labor costs.
The report from the Treasury Department could encourage more union activity, potentially leading to increased labor costs for UPS.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75