https://www.bloomberg.com/view/articles/2018-04-06/teacher-strikes-show-that-workers-have-newfound-power
This article explores the recent growth in wages. Recently, teacher strikes in West Virginia, Kentucky, Oklahoma, and Arizona have resulted in an increased negotiated pay. Teachers have a long history of being noted as underpaid and these recent successes show a change in labor psychology. Although, there have always been labor unions this is the first time in a while where teachers have really put up a fight. Additionally, Walmart has set a bar for the retail sector by raising low-end wages. Previously, it was thought that firm concentration held down wage growth, but now it appears with tight labor markets there is a different mindset for employers and employees about wages. I am curious to see if there will be more teacher strikes or what other sectors might potentially strike in hopes of increasing their wage.
3 comments:
This is very interesting, I think it is good that our teachers are getting paid more. Tight labor markets might make it tougher to find employment but who doesn't like higher wages?
This might become a successful case for other underpaid jobs. Workers prefer to have higher wages, so there might be many workers think they should have higher wages and imitate what the teachers did. If too many workers strike, their wage might get raised or they strike for too long and the economy gets hurt,
I think it is always a problem when teachers go on strike because the students are being effected the most. I do think teachers need to be paid much more for what they do however I think the way we fund the school system has problems with it. I think instead of using property taxes I think we need to find a better way to fund the school system.
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