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☆ Union households tend to have over $100,000 more in wealth than nonunion families, Federal Reserve data shows
▼ + stars: | 2024-03-21 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The Center for American Progress, a left-leaning think tank, looked at just how much better union workers are faring. By analyzing the Federal Reserve's Survey of Consumer Finances, CAP found that in 2022, union households held $338,482 in median wealth. Black, nonunion households have a median household wealth of $61,500; meanwhile, Black union households hold around $164,6000 in median household wealth. Union membership rates have declined for decades, reaching a record low of 10% in 2023. The researcher VanHeuvelen previously told BI that the decline in union membership would be like if the wage premium for going to college disappeared.

Persons: it's, Zachary Parolin, Tom VanHeuvelen, VanHeuvelen Organizations: Service, American Progress, Reserve's Survey, Consumer Finances, CAP, Business, Bureau of Labor Statistics, Labor Statistics, of Labor Statistics, Research, Bocconi University, University of Minnesota Twin Cities, Workers, —, United Auto Workers, UPS Teamsters, SAG Locations: United States

☆ Praise, fear after Dutch populist Wilders' election win
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Dutch far-right politician and leader of the PVV party, Geert Wilders reacts to the exit poll and early results in the Dutch parliamentary elections, in The Hague, Netherlands November 22, 2023. Congratulations to Geert Wilders on winning the Dutch elections!" BELGIAN FAR-RIGHT LEADER TOM VAN GRIEKEN:"I would like to congratulate Geert Wilders on this victory. ITALIAN FAR-RIGHT LEADER MATTEO SALVINI:"Congratulations to our friend Geert Wilders, leader of the PVV and historic ally of the League, for this extraordinary electoral victory. CONSERVATIVE, PRO-BUSINESS VVD PARTY LEADER DILAN YESILGOZ:"It is up to Wilders to show he can form a majority.

Persons: Geert Wilders, Yves Herman Acquire, VIKTOR ORBAN, Geerts Wilders, TOM VAN, SANTIAGO ABASCAL, MATTEO SALVINI, HABIB, KADDOURI, Wilders, FRANS TIMMERMANS, DILAN YESILGOZ, Charlotte Van Campenhout, Bart Meijer, John Irish, Jamie Freed Organizations: REUTERS, Rights, Freedom Party, MARINE, PEN, League, INTERNATIONAL, CONSERVATIVE, Thomson Locations: The Hague, Netherlands, EU, Europe, BELGIAN, Flanders, Paris

☆ A Treehouse Builder Who Celebrates Impermanence
▼ + stars: | 2023-10-20 | by ( Tom Vanderbilt | Josh Robenstone | ) www.nytimes.com time to read: +1 min

The sensation is a bit unnerving and invokes one of the laws of treehouse building: Heights you wouldn’t think twice about in a concrete structure suddenly become imposing when you’re on a branch. Taka, as everyone calls him — or sometimes Koba-san — is Japan’s best-known treehouse builder. He’s built treehouses for affluent Chinese clients and treehouses for preschools — draws for parents anxious about their children’s detachment from nature. The most modest of his structures, he says, is four square feet; the largest, about 270 square feet. He’s sometimes referred to as a “treehouse architect,” but he doesn’t care for the phrase — “architect” connotes not only degrees and building codes but other constraints, too, like permanence.

Persons: Takashi Kobayashi, He’s, preschools —, ” Organizations: CAN, Treehouse Creations Locations: Tokyo, Angkor Wat, Cambodia, Covid

The lawsuit argued Select Structural Engineering didn't identify the risk of collapse, the danger of such a collapse and repairs that would have avoided a collapse. “At no time did Select Structural opine that the defects in the west wall would require an evacuation of the building,” the lawsuit said. In the email, Van De Wiele wrote, “He was frustrated and whispered to me that ‘the whole side is going to come down. '”Van De Wiele wrote that he told Haut he should tell supervisors Rich Oswald or Beth Bringolf. Since the building collapsed, residents have filed several lawsuits arguing that the building owner, engineering company and city officials were negligent.

Persons: Andrew Wold, “, Davenport, Tom Van De Wiele, Anthony Haut, Van De Wiele, Haut, Rich Oswald, Beth Bringolf, Rich, ” Van De Wiele, Brian Heyer, ” Organizations: City Times Locations: DAVENPORT , Iowa, Iowa, Real, Davenport, Bettendorf , Iowa

☆ Ford exec expects software to boost revenue for commercial trucks, vans
▼ + stars: | 2023-08-10 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/3] A model of the Ford F-150 Lightning electric pickup is parked in front of the Ford Motor Company World Headquarters in Dearborn, Michigan, U.S. April 26, 2022. REUTERS/Rebecca Cook/File PhotoCompanies Ford Motor Co FollowAug 10 (Reuters) - Ford Motor (F.N) expects to incorporate more and better software into the trucks and vans in its highly profitable Ford Pro commercial vehicle business and grow revenues by $4,000-$5,000 per vehicle by 2026, a top executive said on Thursday. Navin Kumar, chief financial officer of Ford Pro, said the automaker would look to boost revenue with software- and data-driven fleet services, safety and security services, partial vehicle autonomy and insurance. Ford Pro will continue to offer a full portfolio of combustion engine, hybrid electric and full electric vehicles, Kumar said. Its second-generation EVs, including the successor to the F-150 Lightning pickup, will be more profitable, in terms of their ability to generation additional software and services revenue.

Persons: Rebecca Cook, Navin Kumar, Kumar, Morgan, Paul Lienert, David Gregorio Our Organizations: Ford, Ford Motor Company, REUTERS, Ford Pro, Transit Courier, Thomson Locations: Dearborn , Michigan, U.S, Europe, Detroit

☆ Yes, Dyson’s Supersonic Hair Dryer Is Actually Worth It
▼ + stars: | 2023-06-15 | by ( Tom Vanderbilt | ) www.wsj.com time to read: +3 min

By Tom VanderbiltI had, for the record, no interest in buying a $430 hair dryer. I had, in fact, no interest in buying a hair dryer at all. I thought, for a moment, it was a phone; then, given its placement next to the sink, I realized it was a hair dryer: the Dyson Supersonic Hair Dryer. We live in an area with particularly hard water which, even after softening, sometimes leaves our hair looking a bit dull. But I didn’t really buy a hair dryer.

Persons: Tom Vanderbilt I, Vidal Sassoon, Toto, Marie Kondo, —, “, ”, Dyson Organizations: Microsoft, Dyson Locations: Tokyo

☆ She Gave Her Van a 1970s Overhaul, Shag Carpet Included
▼ + stars: | 2023-04-15 | by ( A.J. Baime | Photographs Natalie Behring For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Soumaya Majout Bent , 35, who lives in Jackson Hole, Wyo., and Santa Barbara, Calif., and is a student planning on opening a restaurant in Santa Barbara, on her 1977 Dodge custom van, as told to A.J. It was the week of my wedding, and my fiancé and I were driving in Chicago. We saw this van parked on a lawn with a “for sale” sign. I was always mentioning how I wanted a van to go road tripping. I yelled, “Stop the car!” When we approached the van, I noticed two other people looking at it.

☆ Union membership dropped yet again in 2022 to the lowest rate on record, showing that workers still face an uphill battle in organizing
▼ + stars: | 2023-01-19 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The union membership rate fell in 2022, according to the Bureau of Labor Statistics. Union membership has been mostly declining for decades, even though union workers tend to make more money. At the same time, the union membership rate, which tracks the percentage of workers in a union, fell to 10.1% — the lowest rate on record, per BLS. The union membership rate of 10.1% in 2022 was just half the 20.1% in 1983, the first year BLS compiled comparable data. Even so, the union membership rate for retail workers is just 4.3%, down from 4.4% in 2021.

☆ Being in a union means you could make $1.3 million more over your lifetime
▼ + stars: | 2022-10-11 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The authors found that being in a union means a $1.3 million bump to lifetime earnings. "We find that a person who spent the entirety of their career in a labor union were predicted to earn about a million dollars more over the course of their career compared to somebody who was never in a labor union," VanHeuvelen told Insider. The result was the $1.3 million premium for workers who spent their whole careers in unions, even though those workers were more likely to retire earlier. Workers who are never in a union were projected to earn around $2.1 million their whole careers, while those who were in unions for their whole careers were estimated to make $3.4 million. The number of union representation petitions filed in fiscal year 2022 increased by 53%, according to the National Labor Relations Board.

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