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Biden’s Support for Unions Leads to Record Pay Increase
Reports from Bloomberg highlighted that union contracts negotiated in 2023 resulted in an average first-year wage increase of 6.6%, marking the highest pay raise recorded since 1988 when Bloomberg Law began tracking these settlements. When factoring in signing bonuses and other lump-sum payments, the average first-year wage increase for 2023 escalated to 7.3%, reaching another remarkable record high, according to Bloomberg Law’s Quarterly Union Wage Data report.
This notable increase in wages for workers was determined through an analysis of 952 union contracts finalized last year, impacting approximately 2.8 million union-represented workers across the nation. President Biden’s strong support for unions and his presidential initiatives aimed at safeguarding and promoting unionization have directly contributed to ensuring that workers benefitted from enhanced pay negotiations throughout the year.
United Steelworkers Endorse President Biden
President David McCall of the United Steelworkers expressed their formal endorsement of President Biden by stating, “President Biden consistently demonstrated his unwavering support for working families throughout his first term. His strategic vision and effective leadership have facilitated the enhancement of workers’ access to collective bargaining, the expansion of the middle class, and the initiation of a trajectory towards widespread prosperity. Our members consistently emphasized the significance of retirement security, affordable healthcare, and labor regulations that facilitate the formation of unions and the negotiation of robust contracts. President Biden’s track record in addressing these crucial issues speaks volumes. He has also outlined a comprehensive plan to build upon these advancements in the foreseeable future.”
President Biden’s steadfast alliance with unions signifies more than mere rhetoric, as his actions have substantiated his commitment. Unlike many Democrats who engage with unions solely for endorsements and votes, President Biden has consistently supported unions due to the pivotal role they play in elevating individuals to the middle class. A potential second term for Biden holds the promise of sustaining the resurgence of unionization across the United States, further amplifying the benefits for workers through improved wages.
Biden’s policy measures directly correlate with elevated wages, culminating in a persuasive message that he can effectively communicate to voters approaching the November elections.
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