Labor income “has been declining as a share of total income earned in the United States for the past three decades,” according to a new analysis on income inequality from an unlikely supporter of economic justice: the Federal Reserve, which adds, “The capital share, by stark contrast, has been increasing.
Even if lawmakers may not always realize the consequences for rural areas if Emergency Medical Services troubles aren’t addressed, operations fold, and rural residents have to rely on help from bigger cities, State Rep. Don Moffitt appreciates how everyday people get it.
The recent release of a government report regarding the numbers and percentages of U.S. employees belonging to unions or working where unions represent them made headlines but most newscasts or stories lacked context. It’s an occasion for a statistical “status report.”
The percentage of the U.S. labor force belonging to unions fell 0.5% from 2011 to 2012, according to the Department of Labor’s Bureau of Labor Statistics (BLS). The drop went from 11.8% to 11.3% – from 14.8 million to 14.4 million Americans.