Chapter 12, Problem 22AA

To determine

To explain about the union membership in the U.S considering the table.

Answer to Problem 22AA

The lowest percentage of the workers unionized in the U.S are from the occupation of the financial sector such as accountants, bankers, brokers, etc with only 2.3% involvement.

Explanation of Solution

Labor unions are formed so as to get the increased wages and the benefits regarding the job in the industry along with the healthy environment to work in with job security.

During the last few decades, it has been seen that the involvement of the private sector has been decreased in being unionized & the government sector has been increased, because the private sector doesn’t create a huge burden on the workers & they don’t ask the workers to join the unions forcefully. Moreover it is the choice of the workers of the financial sector to join and pay the union fee or not.

Unions are an important part of the system which helps in setting the standards for various aspects for rights of the workers considering their wages and quality of life so that more protection can be provided to the workers.