Question

One of the commonly cited reasons that organized labor continues its presence in American economic life is due to the wage gap that is widening between labor and management. Why do these gaps occur? Should government be involved in regulating the workplace to address these income gaps? Could regulatory agencies do what unions are trying to do – which is to ensure better pay for American workers?

Answer 1

Employment income disparities in the US exist for a number of reasons, such as part-time work with no compensation for students and part-time jobs like food restaurants. There are jobs in the US that pay up to USD 1,000 an hour, except for women, whose skills whose scope are different. Moreover, the gender pay gap is also a common explanation why basic minimum wages are not set or constant across the US.

The government must set hourly wages for the nation and the states with the business in it. It is therefore the competent authority to set wages on an hourly basis throughout the United States. Regulatory units can work better than trade unions in this area. Regulators set the annual costs of workers and regulate inflation, which is part of the pay increments that regulators can best make. Regulators can best serve workers' wage gaps and pay needs on an hourly basis, irrespective of gender. Trade unions can do what the regulatory authorities can and implement at national level. The regulatory authority also takes care of salaries and pay disparities in gender matters, in compliance with the statute, and represents the case well.

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