Unions Play Critical Role in Wealth Creation for People of Color, Research Says
- Non-white workers build more wealth as union members: research
- Job tenure, benefits create access to saving and investment
Source: Hero Images via Getty Images
This article is for subscribers only.
Unions have been an effective tool to promote social mobility, particularly for non-white workers, according to new research.
Union members of color, including black and Latino workers, had $33,511 in median wealth, almost five times the median wealth of non-white non-union workers from 2010-2016, the Center for American Progress released Tuesday. White union members have more wealth than white non-union workers, but the difference -- about 40 percent -- is much less pronounced.