V Development Group LLC
                                    USA

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Labor Shortage.

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"Demographic shifts and aging populations mean countries like the U.S. will experience an ongoing shortage of workers and hiring will remain challenging for years," said Svenja Gudell, chief economist at Indeed. "Without sustained immigration or a focus on attracting workers on the sidelines of the labor force, these countries simply won't have enough workers to fill long-term demand for years to come." (Source: Labor Shortages Forecast to Persist for Years (shrm.org))

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Decline in Union Membership.

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Union membership hit an all-time low in 2022 despite a surge in organizing efforts that emerged during the pandemic. The percentage of U.S. workers who belong to a union dropped from 10.3 percent to 10.1 percent, the Bureau of Labor Statistics reported Thursday, as the job market added non-unionized workers at a faster rate than unionized workers. That’s the lowest the figure has been since the agency first started tracking comparable data nearly four decades ago. The decline comes despite the highest union approval rate in decades and a pro-union administration — and backs up earlier findings that while many workers view organized labor favorably, that doesn’t always mean they want to join its ranks. Gallup reported earlier this year that while 71 percent of Americans view unions favorably, 58 percent of non-unionized workers say they are “not interested at all” in joining a union. “Union officials artificially increase their influence in ways that no other private organization can, but they do so while trampling the rights of the very workers they claim to speak for by forcing workers under ‘representation’ they oppose and seeking to force workers to pay up or be fired. For a worker considering unionization, that’s not a winning message,” Semmens said. (Source: Union membership dropped to record low in 2022 - POLITICO)

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Wage Stagnation.

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From 1973 to 2013, hourly compensation of a typical (production/nonsupervisory) worker rose just 9 percent while productivity increased 74 percent. This breakdown of pay growth has been especially evident in the last decade, affecting both college- and non-college-educated workers as well as blue- and white-collar workers. This means that workers have been producing far more than they receive in their paychecks and benefit packages from their employers.

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In 1965, CEOs made 20 times what typical workers made. As of 2013, they make just under 300 times typical workers’ pay. 

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