USD in the News

TitleAre Labor Unions a Relic of the Past?
News OrganizationU-T San Diego

U-T San Diego -- Alan Gin, University of San Diego 

Answer: Yes

Unions are needed because there has been a big shift in power from workers to companies and management. Because of that, wages and salaries as a share of GDP fell to 43.5 percent in the third quarter, the lowest level on record, while corporate profits were 11.1 percent, the highest percentage ever. (Full Story