Every two weeks, I check the latest additions to Bloomberg Law’s database of wage settlements to see how collective bargaining agreements are telling the story of labor-management pay negotiations in 2020.
Since the start of the economic recession in February and the declaration of the Covid-19 pandemic in March, I’ve seen among these data points some sure signs of lower wage increases bargained in union contracts. But I always maintained that second-quarter calculations would tell us more about the true impact on union workers’ pay.
Historically, there was cause for optimism. The second quarter of the year has traditionally been ...