3 ms·
> In the US, unions had a good year, but 43% pay raises in union contracts were mostly unheard of, so that part of the population probably isn't keeping up. Th
by cbsmith 3y ago
> In the US, unions had a good year, but 43% pay raises in union contracts were mostly unheard of, so that part of the population probably isn't keeping up.
There's a difference between wealth and income though. It's entirely possible 10% pay raises yield >43% increases in wealth, so long as most of the original wage wasn't able to go in to savings/investment.