GM, Ford and Chrysler are all bracing for negotiations with the United Autoworkers, while airlines are feeling pressure from flight attendance and pilots. (Photo: Shutterstock)
After years of steady corporate profits, labor activists and unions are pressuring companies to share more of the bounty with workers.
Unemployment has dropped below 4 percent, but wages have not kept pace with productivity, corporate profits and the cost of important expenses, notably health care and higher education. Wages increased only 2.6 percent per year between 2008 and 2018.
Even worse from the perspective of rank-and-file employees: executive compensation has continued to soar.
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