Short essay | Business & Finance homework help
According to data from the Bureau of Labor Statistics, union membership has been declining steadily since it peaked at 35% back in 1954. Currently, only 10.3 percent of workers are unionized, making up around 14 million people out of the total workforce population. Additionally, unions have been facing stiff opposition from right-to-work laws that limit their bargaining powers and make it difficult for them to negotiate for better wages or benefits.
Furthermore; many large companies are now shifting towards temporary or contract labor arrangements instead of hiring full-time employees as this reduces their costs significantly and increases their flexibility with regards to job scheduling etc.
Overall; the current state of labor unions is one that is characterized by declining numbers due mostly to external factors beyond anyone’s control. However there are still some glimmers of hope such as recent legislation like The Protecting The Right To Organize Act (PRO) which aims at strengthening existing labor laws and providing workers additional protection against employer interference/retaliation when joining a union.