OPEN THE BOOKS!
Volume 98, No. 1, Fall 2025
By Kyle Bigley [PDF]

With hydraulic‑like effect, the steep decline in unionization and collective bargaining over the past four decades has precipitated the predominance of individual bargaining between employers and nonunion workers as the central means of wage setting in the United States. Disastrously for U.S. workers, however, this wage‑setting regime has corresponded with workers receiving declining shares of national income and facing increasing labor inequality.