Here’s the stat of the week (from this WSJ article on the auto industry): UAW membership is only 190,000 workers. That’s a typical number of net jobs created for the economy. The chart shows the change since 2003. It’s a dramatic decrease. But the really interesting number is 1979. In 1979 there were 1.5 MILLION UAW members. What an economic transformation, driven by productivity and Japanese competition.
The dwindling importance of unions
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