Decline of Labor Unions and Stagnant Middle Class Incomes

Monday, December 14, 2015  5:45 p.m. – 8:00 p.m.

Conference room 483, Congressional Budget Office

2nd & D Streets, SW, 4th Floor, Washington, DC 20515

Metro: Federal Center Station (entrance around the building)

                           

Panelists:                                                                                                                                                                                      

 

Dr. William E. Spriggs, Chief Economist, AFL-CIO

Dr. Florence Jaumotte, Senior Economist, International Monetary Fund

 

Light refreshments will be served at 5:45 pm, and the seminar begins at 6:00 pm.    The seminar is free but please email Melvyn Sacks at MelSacks@verizon.net for reservations.

 

In 2013 the unionized workforce in America hit a 97 year low. Only 11.3% of all workers were unionized. In the private sector unionization fell to 6.6%, down from a peak of 35% in the 1950s.  From the Great Depression through the 1980s, American recessions and recoveries followed a pattern: Employers shed jobs when the economy turned south but added them back quickly once it recovered. That changed in the early 1990s and worsened through the 2000s.  Jobs came back more slowly, if at all. Even before the 2008 crisis, the 2000s were on track to be the weakest decade for job creation since the Labor Department started tracking the statistics.

 

Dr. Florence Jaumotte and Dr. William Spriggs will explore if there is a connection between the decline of labor unions and stagnant middle class incomes.  Please join us for this interesting evening.