Hey ladies, you may need a PhD to earn as much as a dude with a BA, but being in a union could be worth a year of college in terms of a wage boost. According to a new report from the Center for Economic and Policy Research, unionization has a big impact on women’s economic well-being.
Unionized women workers on average make 12.9 percent more than their non-union counterparts, are 36.8 percent more likely to have employer-provided health insurance and 53.4 percent more likely to have participated in an employer-sponsored retirement plan.
ThinkProgress points out that the increase in women’s wages from being in a union is about a quarter of the increase that a college degree gives you. And the benefits of unionization are particularly strong for women with lower levels of education. As the chart above shows, women without a high school diploma are 104 percent more likely to get health insurance in they’re in a union. ”In fact,” CEPR reports, “for a woman with a high school degree, being in or represented by a union raises her likelihood of having health insurance or a retirement plan by more than earning a four-year college degree would.”
And while women are now close to making up their fair share of unions, union membership overall has fallen off over the last decades. And that’s bad for everyone.
Maya Dusenbery is an Executive Director of Feministing.
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