While predictions across the board about employee pay are forecasting slower wage growth next year, there's a notable exception: union workers, especially those in service and manufacturing roles.
Compensation for union workers is up just 11% since the first quarter of 2020, compared with 14.6% for nonunion workers, according to Bureau of Labor Statistics data from the second quarter of 2023.
The rise in pay growth for unionized employees this year stems, in part, from significant labor action, including a string of labor deals resulting in higher pay.
Many unionized workers, for example, haven't negotiated a new contract since the Covid-19 pandemic began.
"Unionized workers couldn't see the same scale of wage increases over the past few years that non-unionized workers did," said Aaron Terrazas, Glassdoor's chief economist.
Persons:
there's, haven't, Aaron Terrazas
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