"After union membership peaked in the 1950s at 1/3 of the US workforce.. overall income inequality was close to its lowest level since its peak before the Great Depression, and was continuing to fall. Over the subsequent decades, union membership steadily declined, while income #inequality began to steadily rise after a trough in the 1970s. In 2022, union membership plateaued at 10%, while the top 1% received almost 20% of total income" https://home.treasury.gov/news/featured-stories/labor-unions-and-the-us-economy
— #economics#unions#useconomy
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