Workers in the U.S. are continuing to see wage gains in 2020, based on the latest two-week update of Bloomberg Law’s database of collective bargaining agreements.
The overall average first-year wage increase was 3.8% for contracts added to the database through Feb. 25, compared with 3.6% for the previous two-week update.
“We’re now eight weeks into the year, and we can more confidently say that union wages are trending higher this year than last year at this time,” Bloomberg Law analyst Robert Combs said, adding that the overall average for the same period last year was 3.1%.
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