The advantage of being in a union is crystal clear in this chart

Employee compensation for unionized workers is way up in the last three years.

Compensation for non-unionized workers? Not so much.

It seems that unionized employees have been seeing the effects of the economic recovery in their paychecks and benefits packages for quite some time, while non-unionized workers are still waiting for wage growth to significantly outpace inflation. This is just further proof that now is the time for labour to organise. A massive push for unionization right now could give regular employees the boost that still seems to be missing in this economy.

This chart comes from Torsten Sløk, chief international economist at Deutsche Bank:

NOW WATCH: Here’s what happens when you get bitten by a black widow

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at