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The Indicator from Planet Money

What's really going on with unions

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 6 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Baristas and warehouse workers unite! After decades of decline, we're hearing a lot about new unions starting around the country. But union membership actually declined last year. We look at what's really happening.

Transcript

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0:00.0

NPR.

0:03.0

It is Jobs Friday.

0:16.5

The monthly Jobs report tells us that 528,000 jobs were added to the US economy in July.

0:24.1

That's a lot more than expected.

0:25.8

And unemployment at 3.5% is at a 53 year low.

0:30.6

And that got us thinking at the indicator, is this Jobs growth that is still going on

0:35.1

contributing to a labour market story that we've been seeing a lot in the news recently?

0:40.0

What seems to be a turning point of union activity bouncing back from decades of decline?

0:45.2

This is the indicator from Platinum Money I'm Darien Woods.

0:48.9

In the 1950s, about a third of workers belonged to a union.

0:53.5

That is declined a lot over the decades, continuing through 2021 with only one in 10 workers

1:00.3

now belonging to a union.

1:02.4

But if you read the headlines today, you would think that every Starbucks barista and their

1:07.0

dog were getting unionized.

1:09.1

This is a puzzle we just had to solve, coming up after the break.

1:16.4

This message comes from NPR sponsor Fundrise, a platform that makes investing in high-end

1:21.2

real estate easy.

1:22.6

To tell Fundrise your investing goals, and Fundrise puts your money into the real estate

1:26.3

deals that are right for you.

1:28.1

Sign up for free at Fundrise.com-slash-indicator.

1:32.2

This message comes from NPR sponsor American Express Business.

1:35.9

With features and benefits like membership rewards points and flexible payments, MX Business

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