No matter the job market, unions facilitate bargaining on behalf of their members. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Labor unions are flexing their muscles in a way they haven’t done in years. In negotiations over pay and benefits, labor leaders aren’t being shy about their demands. They know they have leverage in many industries where workers are scarce, and they feel that this is the year to bargain hard.
Some early wage talks have set the tone: The Teamsters’ tentative deal with UPS, which will avert a crippling strike, if the members of the union vote to take the deal, as we expect. Workers are in line for $7.50/hour more in pay, which will be phased in over the multiyear contract.
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