People puzzled by the divergence between productivity growth & workers' wages (wages no longer follow productivity but are on a lower track) and observe the declining share of labour as opposed to capital in GDP, often downplay the decline of unions but scramble to find other causes, because any decline in unionisation predates the decline in workers' share.

Well, they've forgotten the lag & stickiness in wages... a delayed effect is still a cause.

Less unions, less pay!

#workers #unions