Teamsters local 570

Why 2023 Was Such a Good Year for Labor

Posted On: Dec 29, 2023

Dec. 29, 2023 | WAGES | This year will go down as a very good one for labor in the U.S. Wage inequality narrowed and unemployment stayed below 4% for 22 months, the longest stretch in over 50 years. And though it’s cooled down since, unemployment remains low and wages are catching up to inflation. Meanwhile, unions in a variety of industries made waves, and workers without a college education had an especially good year. More at Quartz