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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.

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☆ Reddit CEO says the mods leading a punishing blackout are too powerful and he will change the site's rules to weaken them
▼ + stars: | 2023-06-16 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Reddit CEO Steve Huffman thinks the site's mods are too powerful. So a politician needs to be elected, and a business owner can be fired by its shareholders," he told NBC. Reddit mods hold a lot of power, and many believe it has been earned due to the amount of unpaid labor they put into the site. He told NBC it was "really important" to ensure "protests, now or in the future, are actually representative of their communities." Huffman told NBC there was no set timeline for his proposed changes.

Persons: Steve Huffman, subreddits, Reddit, Christian Selig, Huffman, We've Organizations: NBC, Ars Technica, University of Minnesota Twin Cities, Northwestern University Locations: Reddit

☆ When my son was accepted into Penn State for grad school, we learned he could negotiate the offer. He got an additional $52,000 in funding.
▼ + stars: | 2023-05-11 | by ( Ann Peck | ) www.businessinsider.com time to read: +4 min

My son was accepted into Penn State for grad school and offered over $25,650 a year in funding. He's heading to Penn State in July, having earned over $300,000 in funding. He outlined his best offer and his desire to select Penn State if it could match the offer and consider additional funds for the summer. He scored another $52,000 in funding from Penn State, to be paid out over five years. He starts working in the lab at Penn State in July.

☆ 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.

☆ AT 2022cmc: Rare cosmic event beamed light at Earth from 8.5 billion light-years away
▼ + stars: | 2022-11-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

But the rare cosmic event actually occurred 8.5 billion light years away from Earth, when the universe was just a third of its current age — and it has created more questions than answers. This graphic shows how a tidal disruption event might look in space. Carl Knox/OzGrav/Swinburne University of TechnologyWhen a star is torn apart by a black hole’s gravitational tidal forces, it’s known as a tidal disruption event. Observing more events like this could reveal how black holes launch such powerful jets across space, according to the researchers. “Scientists can use AT 2022cmc as a model for what to look for and find more disruptive events from distant black holes.”

☆ 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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