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On the other hand, the highest paying professions don't have unions, even outside tech.
by SideQuark 3y ago
On the other hand, the highest paying professions don't have unions, even outside tech.
- trashtester 3y agoMD's have unions where I live. They're probably the highest paying profession in the country.
- SideQuark 3y agoAbout 7% of doctors are in local unions, and that's a recent trend. They rose to high pay without unions. https://www.axios.com/2022/11/07/more-physicians-join-unions https://www.axios.com/2022/11/07/more-physicians-join-unions
- somewhereoutth 3y agoThey have professional associations - the most successful unions ever, not least because they pretend not to be unions. See the medical profession as a good example.
- Apocryphon 3y agoDoctors, lawyers, psychiatrists, accountants...
- maxehmookau 3y agoThe British Medical Association would like a word. They are a union, despite the name. UK junior doctors and consultants are currently on strike!
- SideQuark 3y agoUS doctors avg $316k/ year. UK doctors avg 138k/yr. Thanks for more evidence of how unions "improve" outcomes. https://www.physiciansweekly.com/how-do-us-physician-salaries-compare-with-those-abroad/ https://www.physiciansweekly.com/how-do-us-physician-salarie...
- maxehmookau 3y ago£138k a year in most of the UK is a very, very comfortable living. Especially when you don't have to pay for things like _your own healthcare._ It puts you comfortably in the top 5% of earners. The same could be said for most professions in the UK. They're paid less than their US counterparts, but it's an excellent example of how you can't always measure quality of life in $ and £. My job as a software engineer pays considerably less in the UK than my US counterparts, so why haven't I moved there?
- noelherrick 3y agoSports and movies/TV have unions, and those are by far the highest paid individual contributors. Tech workers just have been sold a bill of goods that they will be held back by unions. Meanwhile, tech CEOs "unionized" to make sure that poaching was held back, and by extension, compensation.
- SideQuark 3y agoIf you're picking jobs where a tiny number of people are employed, then Fortune 100 CEOs make far more than athletes and actors, they're not unionized. This thread is about labor unions, which negotiate salaries. Sports people are almost universally not in this category - they usually have an agent to negotiate their individual salary. If you're talking the SAG for actors and the like, median actor income is $46k, one of the lowest paid professions. That works out to $23/hr for fulltime work. You can get that at McDonalds in many places. Try again.
- noelherrick 3y agoI don't know why you added "Try again", especially because I intentionally specified "Individual contributors". Your response also highlights what I was talking about: unions do not hold back their highest paid members while bringing up the bottom for their lowest paid members, just as is the case for SAG.
- SideQuark 3y agoMost unions cap pay, e.g., [1]. A simple Google gives plenty of evidence. Your claim about SAG is also wrong; SAG has plenty of pay caps too. For example, here [2] is one explained on their own site. They've always had them and likely always will. There's plenty more. Unions extract higher pay by making a monopoly on labor (and US antitrust law had to carve out a special monopoly exception for them). This monopoly obtains higher wages for those in the union at the cost of those prevented from working by the union and by increased prices to the surrounding economy. These are all standard econ results. [1] https://www.heritage.org/jobs-and-labor/commentary/should-unions-prevent-your-next-raise https://www.heritage.org/jobs-and-labor/commentary/should-un... [2] https://www.sagaftra.org/important-notice-regarding-2022-commercials-contract-compensation-structure https://www.sagaftra.org/important-notice-regarding-2022-com...