The union wage premium is:
A) Approximately 15% such that union workers make, on average, 15% more than comparable nonunion workers.
B) Approximately 15% such that nonunion workers make, on average, 15% more than comparable union workers.
C) No longer prevalent in the U.S.
D) Approximately 5% such that union workers make, on average, 5% more than comparable nonunion workers.

Question

Quizplus · Accepted Answer

The union wage premium is the amount by which union workers' wages exceed those of comparable nonunion workers. According to studies, this premium is approximately 15%, indicating that union workers make, on average, 15% more than their nonunion counterparts.

The Union Wage Premium Is